The first movie doesn't rise or fall on Keanu Reeves' acting.
It was a relatively fresh story with interesting developments and twists.
The Oracle makes the plot of The Matrix gibberish. Gibberish is never fresh. Am the One, am not the One, am the One are arbitrary twists, not interesting developments. And prolonged scenes of carnage are not exciting.
Buying into Neo as a vicarious identification figure is absolutely key to The Matrix. That can't happen with a horrible performance. But according to dogman, Reeves is horrible, therefore The Matrix must be a failed movie and the sequels spend more time with the good actors. The "philosophy" in The Matrix is pretty much limited to a "gee whiz, ain't it cool to think..." The sequel at least finishes the sentence. Idealism is nonsense but there really is novelty in the sequel.
Your heart has to leap when Keanu Reeves comes back to life or The Matrix flops. Get into the typically horrible Reeves performance so much that you buy this nonsense? Something just does not compute.