The first Matrix is fine and I'll admit to being wowed by it when it came out. It was a vastly better cinema experience than the other big movie that year (Star Wars Episode 1: The Phantom Menace) and I admit to being hyped for what the Wachowski's would give us next.
Then the sequels came out, and the hype died. Reloaded is a dumb movie but I enjoyed the pointless action scenes for what they were. Revolutions on the other hand was insulting and I left the theater pissed off that they ended it that way. The Wachowski's got high on their own philosophical farts that they forgot to make good movies. I haven't watched a thing by them since then and I have no faith that a fourth movie set in this fictional universe will be anything but crap.
I will watch a fourth John Wick movie, if only because I've become a big fan of Keanu Reeves in recent years after learning about his tragic past (I feel bad about making fun of him after the Matrix sequels bombed). I liked the first John Wick though I do think it's a bit overrated and by the 3rd act it loses steam. But man, do I enjoy the sequels if only because how over-the-top and ridiculous the action scenes are. You don't go into these movies for the story but for the violent dance numbers with Keanu leading the show.
It may be sacrilege to say this but for me Keanu is possibly the greatest action star of the new millennium, and the Wick films perfectly showcase his greatest strengths as a physical actor. I mean, it'll be great when the new Bill and Ted comes out and he makes his return to comedy. But for now, he's found the perfect niche where people will pay big money to see him on the big screen.