here's to the source of my true happiness! :)
too little plot - you find yourself looking/waiting for more fights. there's almost nothing to make you think of it as of an actual related sequence of events.
too much fighting - especially with the agent smith fight. you start waiting for it to end. most of the fights are the same
too much simplistic philosophy - c'mon.. if you philosophize at all, you've already thought of all of the ideas they have in the dull conversations.
not enough common sense - neo is almost god in there. i don't see why he needs to fight... know how he stops bullets? magnito-like powers? he could really wage hell with his mind, why does he fight?
but i did like it. the special effects are truly amazing.