I wondered what is happening with the potential prequel about Morpheus. I guessed Warner had just abandoned that in preference of bringing back Neo and Trinity and trying to recreate similar interest that the original film had. So a Hollywood studio doing what Hollywood studios do best then; reboot something or make a sequel, rather than explore new stories.
Just read though, that there is a rumour that a young Morpheus will be in this. Maybe Warner are just going to try and squash many things into one film, just as they did with the DCEU's Dawn of Justice film.
I agree with a previous poster who said this will either be genius, or it will be terrible.
I'm still not sure who was really behind the first movie - everything the credited writers and/or directors have done since has been like a student to the master in comparison and none of the subtle levels of meaning and significance there is in that movie.
Possible that they had a guiding hand.
As Placidcasual said, 'They're a bit like JJ Abrams. Very good directors but plainly need someone to hold their hand on script.'
Could be that they got a bit too overly confident after the success of the first film and thought they could go it alone with the sequels.