My review of the flick: It's a wild ride. I think enjoyment of the first movie is a good predictor of enjoyment of this one. More specifically: (I try not to spoil too much in this review, but I do talk about the end in general terms):
Near the end of the movie, there's a scene where Neo gets offered a choice between two options. I half-expected him to think out of the box and make a third option--but he didn't. And the movie as a whole is much like that--it works well within its parameters, but it doesn't break wild new ground.
(And dang, Neo gets led around a lot.)
But it's a very pretty movie. There is much nifty fighting. I have decides that I really like the "bullet time" effect--I am slow on the uptake, sometimes, and the pause gives me a moment to understand what's going on.
There are some nifty outfits, particularly Trinity's vinyl catsuit and Persephone's latex dress.
I quite like the soundtrack--at least, the techno bits. I found myself seriously considering buying the soundtrack--particularly during the rave scene, which was quite hot.
As a flaming liberal, I quite liked the racial diversity presented in the film, and the fact that it was presented without special attention.
So, overall a B. It met expectations, but did not exceed them.