Earlier quoted context omitted.
I rewatched all 3 recently, and I have to say I don't remember why I and everyone else disliked the sequels so much. They are exciting, and tell a good story. I haven't watched the new one yet.
Ever watch the newest one they made? It's like baudrillardian banality taken to its logical extreme. The first half is literally a clip show. Comes off as a shitty superhero movie of now but with matrix characters
The Wachowskis did not want to make another Matrix movie but the studio approached them and said that they would make the movie either way but they would be given full artistic freedom if they agreed. They basically had the choice of doing this themselves or letting the studio turn it into a soulless franchise detached from their own vision.
The movie is mostly an allegory for how the movie was created and why it shouldn't exist. Aside from mindless indulgence the ending is also giving a middle finger to the production company. The philosophy is dull because everything that needed to be said was already said so the only thing left to do is repeat it more blatantly for the audience in the back.
That doesn't mean it's a great movie and you can argue that a movie should be enjoyable without context, but for me knowing this context allowed me to enjoy it through that lens a lot more than I probably would have had I not come into this knowing this.