The Matrix does not deserve in a million years to describe as anywhere near embarrassing, even if one thinks it hasn’t dated well.
Any film that captures the collective imagination of viewing audiences, becomes a lasting cultural reference for numerous references, metaphors or memes, and was so thought-provoking it has inadvertently led to a distinct psychological affliction (people who believe they are living in the Matrix for real), deserves a huge amount of credit, and is anything but bad, let alone embarrassingly so.
What’s so bad about it anyway?