All in all, loved it. It met my expectations because I didn't expect to be as "wowed" as I was with the first.
In the beginning I was thinking that it seemed like they were rehashing the whole bullet-time thing and I was disappointed until we saw that is was simply Neo's dream.
The chocolate cake bit was great! Totally unexpected "viewpoint." :)
Monica Bellucci is HOT! If you want to see even more of her in an interesting movie, check out last year's "The Brotherhood of the Wolf." She's there minus the dress. It's a french fantasy/romance flick. So yes, it's overdone, a bit trite and goes on for half an hour longer than it should have and therefore sometimes predictable. But hey, that's what French movies are like!
My favorite part? Morpheus and the Samurai Sword.