I agree that The Matrix is not necessarily a great movie. Formally it can't hold a candle to the worst of Wong Kar-wai's films, its effects look dated, and the dialogue feels heavy handed. But at 14, the effects were state of the art, I was too wrapped up in the matrix to notice the sub-par script, and I had never seen a Wong Kar-wai movie. The Matrix blew me away.
Re-watching the movie 15+ years later, while there where moments that reminded me of feeling the world I knew dissolve as I watched, it was just a reminder, not the experience itself. Listening to the podcast discuss a queer interpretation of The Matrix, as a straight man, I had that experience again. The movie feel just as transgressive and mind blowing as when I was sitting in the theater that summer. Thanks for that. I think any work of art that forces one to re-imagine their preconceived world deserves to be in the canon.