I'm a fan of the first two but this was

Rating: 4/10 (9 November 2003)

Awful.
The fight sequence between Smith and Neo at the end is so-so, but nothing compared to what we've seen in Matrix 1 and 2. The rest of the film consists of yawn-inducing CGI failing miserably to spruce up some seen-it-all-before battle sequences, plus an odd mix of stupid and pseudo-intellectual dialogue, clichés and boring characters. Keanu barely gets a look-in.
One of the worst movies of the year. Unfortunately the filmmakers will still undeservedly congratulate each other on the movie's success - it will do well purely because it's the 3rd part in a trilogy.