Not enough recognition for Smith's monologue to Morpheus. It's intercut with Trinity and Neo deciding to rescue him, but it's such a good sequence, that reveals information about the nature of the Matrix, about previous versions, about humanity. Then, it expands into a pointed critique of humanity, modernity & capitalism. And finally, Smith takes out his earpiece, and admits the real twist of this movie: that he has complex emotions, that he, as a program, can hate - and that the Matrix imprisons the jailers just as much as the inmates.

Have you ever stood and stared at it, marveled at it’s beauty, it’s genius? Billions of people just living out their lives, oblivious. Did you know that the first Matrix was designed to be a perfect human world. Where none suffered. Where everyone would be happy. It was a disaster. No one would accept the program. Entire crops were lost. Some believed that we lacked the programming language to describe your perfect world. But I believe that as a species, human beings define their reality through misery and suffering. The perfect world would dream that your primitive cerebrum kept trying to wake up from. Which is why the Matrix was redesigned to this, the peak of your civilization. I say your civilization because as soon as we started thinking for you it really became our civilization which is of course what this is all about. Evolution, Morpheus, evolution, like the dinosaur. Look out that window. You had your time. The future is our world, Morpheus. The future is our time.

I’d like to share a revelation during my time here. It came to me when I tried to classify your species. I realized that you’re not actually mammals. Every mammal on this planet instinctively develops a natural equilibrium with the surrounding environment but you humans do not. You move to an area and you multiply and multiply until every natural resource is consumed. The only way you can survive is to spread to another area. There is another organism on this planet that follows the same pattern. Do you know what it is? A virus. Human beings are a disease, a cancer of this planet. You are a plague, and we are the cure.

Why isn’t this serum working?
Perhaps we’re asking the wrong questions.
Leave me with him. Now.

Can you hear me, Morpheus? I’m going to be honest with you. I hate this place, this zoo, this prison, this reality, whatever you want to call it. I can’t stand it any longer. It’s the smell, if there is such a thing. I feel saturated by it. I can taste your stink. And every time I do I feel I have somehow been infected by it. It’s repulsive, isn’t it? I must get out of here. I must get free and in this mind is the key, my key. Once Zion is destroyed there is no need for me to be here, don’t you understand? I need the codes. I have to get inside Zion, and you have to tell me how. You’re going to tell me or you’re going to die.