SPOILER FREE REVIEW
I am a huge fan of The Matrix franchise, and this movie just released today in India. My friends and I were deciding whether to watch Spider-Man: No Way Home or this. One of us is a big Spider-Man hater and so we decided we will watch this movie, and we will watch Spider-Man: No Way Home some other time. Initially I was very sceptical about this movie since I didn't exactly like Revolutions, but The Matrix: Awakens had given me hope that this is going to be some really good stuff.
In my opinion, this movie is going to be very divisive, as in the case of Black Widow or Man of Steel. Either you will really love it or absolutely hate it. It has some really good cinematography and action scenes. Unlike the previous trilogy which has too much green colour, this one is actually quite colourful. On the downside, however, it has nostalgia pandering, circlejerking (there's literally a five minute scene in which people are praising The Matrix Trilogy and saying how much Warner Bros liked it), quirky references to gaming, too much exposition, unnecessary flashbacks and overall the movie starts feeling very much dragged in the first half itself. I almost dozed off at the part where Priyanka Chopra comes as the adult Sati.
While the first half was pretty Meh, the second half was pretty dope, especially after Agent Smith and Agent Johnson come. So what happens over here is that Neo has been taking blue pills prescribed to him by his psychiatrist, which make him forget what The Matrix was. Instead he vaguely remembers them in the form of memories, from which he has created a video game franchise based on it. In this movie The Matrix trilogy is a game series, and Thomas Anderson is a game designer. Now Morpheus has to convince Neo to take the Red Pill and join The Matrix again. I can't speak more than this without giving spoilers, so I will just recommend you to sit till the end, after the roll credits there is a post credit scene that you definitely wouldn't want to miss out.
The movie does have a lot of references to the previous movies, but you don't need to rewatch them as long as you remember the basics, since most of the time the important scenes are just shown in the flashbacks. That even includes the iconic scene where Neo bends backward to dodge Agent Smith's bullets. Speaking of Agent Smith, however, he isn't exactly great in this movie. Most of it is carried by Agent Johnson instead. Neo was, once again, my favourite character in this movie. He actually feels like someone who is coming back after a long time to take what belongs to him. Ever since Keanu Reeves has grown his beard, he has been giving that kind of a look.
So overall I'd say while The Matrix: Resurrections has a better CGI and action scenes and is even funny at some points, it lacks the cohesive story or any ground-breaking visual that the first movie had. And that is saying something since it came out after 18 years so something new was expected. That, however, should not be seen as something completely negative since it is not supposed to be a reboot, but just a normal sequel. If I were to rank the four movies, I'd say The Matrix > Reloaded > Resurrections > Revolutions. So yeah, if you liked Reloaded and Revolutions, you will like this too.