Matrix is very visual experience it sounds and looks great. Effects are good and they are used to tell a good story but not to be a story. After philosophical half in the beginning, starts the action and wow it's impressive. There are many Hong Kong style Kung Fu action scenes and of course lots of shooting. These scenes are really well done, they are like symphony of violence.
Slow motion is used widely as an effect and it works great.
Neo, Morpheus and Trinity are maybe the coolest movie characters that I have ever seen. Those black trench coats and sun glasses are sooooo Cool. I really liked this movie, maybe I go to see it again and that's very very rare. These Wachowski brothers make bloody good movies, Bound is also their movie and that was also one great film. That's why it's going to work.