Here be spoilers

Good bits

• Lessened pseudo-philosophical claptrap emphasis.
• CONSIDERABLY lessened bullet-time emphasis.
• Ace water fight scene - it's great to see such high-octane kicking-people-through-buildings action outside of Dragonball Z for the first time. And done rather better than DBZ come to that. No fireballs, but genuine tension and great moves. Excellent use of flight and zero-gee.
• Rocking soundtrack.
• Zion invasion scene was very cool to begin with. Especially liked the squids skittering across the walls.
• Mech-robo-suit things = cool, but needed windscreens.
• Sentinel swarming effect just makes you shiver, very nice.
• Niobe flies a hovercraft like a pro.
• Trinity calling the Merovingian "Merv".
• The subway station. *grin*
• Kudos to the Wachowskis for having the guts to kill who they did and wrap the story up halfway-properly.

Bad bits

• Disgraceful dialogue/acting during the first fifteen minutes, by everybody. Neo, the Asian trio, everybody. Lucas-esque dialogue stunk. This was slightly present throughout the movie but less noticeable later on.
• There is only one person in the entire universe who calls Neo "Mister Anderson" and Neo takes roughly fifteen minutes to recognise him, the dimwit.
• Trinity, Morpheus and Seraph look hilarious while chasing the long-haired dude. Watch out for it. These guys are supposed to have superhuman speed and strength in the Matrix, so why do they jog along a la Scooby Doo?
• I felt there was an unnecessarily large quantity of scene-changing early on.
• Zion invasion scene went on slightly too long. Those two girls take AEONS to reload their bazooka.
• Buried Christianity references are fun for those who like to find them. SEETHINGLY OVERT Christianity references are not.
• Trinity's death sequence went on way too long. Is she dying or isn't she? She timed it exactly so she finished her speech just before she died.
• Irritating kid.
• Oracle's change of actress, though explained away in the movie and obviously unavoidable in real life, really didn't work.

Overall score: 899/1000. A pretty good conclusion to the trilogy. Better than Reloaded by a long way, and genuinely brought something new to the action movie genre, like the Matrix, which brought us bullet-time, and unlike Reloaded, which brought us more bullet-time. Enjoyable.