I like a lot of the ideas but the execution left a lot to be desired.
The worst thing about this movie, for me, is that it looks like a CW show with a ridiculous budget. The fight scenes are boring and something about the lighting often feels like it's trying to hide something, even if I think what it's ultimately doing is emulating video games' often overblown lighting, just because it's a new Matrix construct doesn't mean it needs to look like a cheap movie, right?
More to that point, this movie lacks some significant star power. Yahya has the most screen presence of the new kids on the block but spends half his time as magnetic beads.
It also didn't correct what I still think ruins Revolutions, which is that Neo is somehow connected to the Matrix while in the real world and that gives him actual super powers. But then I never thought Neo/Trinity was the most interesting part of the Matrix, it was just a well choreographed, perfectly shot action franchise to me with some wonky philosophy layered over it.
But you read about why Wachowski eventually agreed to make this movie or even wrote it in the first place and you kind of get it: the sentiment and the nostalgia is very sincere and you can feel that, though I'd also wager the cynicism of the first act doesn't really prime the audience for that. Plus it's hard to stay interested in a movie that's both exhausted by its own existence but too attached to its memories to do anything truly revolutionary with them.