It's a sequal, so inferior to the original.

Rating: Null/10 (17 June 2003)

This is a good film. It has all the look and style of the original. The action scenes are longer and more spectacular. It's only problem, it's a sequel.
Part of the reason sequels are always inferior to the original (Godfather 2 excepted) is familiarity. The concept of the original was something engaging, it immediately grabs your attention. This is not an ordinary sci fi film. Reloaded assumes (probably correctly) that all it's viewers will have seen the original. So the premise of the film is no longer new and fascinating. This is ofcourse not the fault of the film makers, it's an inherent problem with sequels. What is the fault of the film makers is the weaker storyline.
The original followed Reeves from his journey from Anderson, to being "the One". It's starts off in our every day western reality, and takes us on a journey through an alternate reality and ends in a place we've never been before. Reloaded starts in a place we have been before (in the original), and ends there. Neo no longer develops as a character, he starts the film as a super human, and goes about doing cool super human stuff. The super hero that saves the human race, now there's a concept we are all too familiar with.
If you loved the original for its effects and action scenes, you will probably like this one even better. If you loved the original for it's storyline, then you will be a little let down. But it's still well worth seeing, there's a whole lot worse movies out there.