The band, their guests, and the music were fantastic. However, David Lynch's hand in this is toxic. There is not a single frame of this performance that doesn't have at least one layer overlaid on it.
The whole thing would have been better served in color without Lynch's attempt at...whatever the hell it is he was trying to do.
I loved The Matrix and was eager to see the sequel when it came out. I walked out feeling burned and never saw the third one (good call on my part), I rewatched Reloaded to prepare myself finally watch Revolutions. The movie itself wasn't as bad as I thought but there's so much of it that just feels hoity-toity pretentiousness in the Matrix. Everyone with their sunglasses on 24/7, the clothes, the techno kicking in when a fight starts. Maybe it's just a victim of its time.