I thought the first movie was "okay", but the other two were total crap.
The story was weak and confusing, the action was over-the-top and stupid and the philosophy behind it, is absolute crap (this guy [http://www.youtube.com/user/confusedmatthew] best explains it in his reviews of those movies).
I also felt that the ending was huge let down (they would have been better off using the ending for Path of Neo, that would have been awesome).
At this point, the only thing I like about The Matrix are the Escapist badges of Matrix characters.