Just more of the same, but lacking the mystery and urgency of the first 3 I really felt just kinda bored, like I knew what was going to happen at every beat. This is likely because it really did feel like a retread of plot points of these films. As much flack as the second and third films got, they still had moments of intrigue, paradoxes, and a running plot.
Even the action scenes failed to be any better than the original. That choreography looks dated, because its been done to death and we've seen Reeves do far better in the John Wick franchise.
Lastly recasting Morpheus and Mr Smith was just terrible. Morpheus is now younger, hipper and has a wacky fashion sense(orange suit, really?) He lacks the charisma of Fishburne. Mr Smith just looks generic, rather than Hugo Weaving with his sinister look ad frightening scowl. Didn't really care for NPH either. Jada's makeup sucked.
Ultimately an effort was made to reboot the movies by taking a incredibly simple, similar, predictable path. While the first was a groundbreaker, the second kept me guessing, and the third had just enough to not spoil the trilogy, this is the nail in the coffin.