This is a very good movie. Visually, The Matrix is pretty much at the top of the Sci-Fi genre. The plot is solid, Keanu Reeves doesn't suck, and it's a unique film.

But, why is it overrated? Just because I said the acting doesn't suck does not mean that it's particularly good. This movie is good, but it's certainly not in the top 100 films of all time. There are much better movies out there that rely on clever story telling, have better actors, and there are some with equally as cool visuals. If you know what to look for, the plot is pretty predictable. All of the foreshadowing in this movie insults your intelligence rather than adding to the tension. Also, the slow motion sequences become stupid after watching the movie a couple of times, and they are in an abundance.

I used to be a fan of this movie, but once I saw Dark City I realized how much room for improvement there truly was.