Despite many problems, Path of Neo delivers a heavy dose of fast and furious action.
First off, if you're not a fan of The Matrix or don't like brawl-type games in general you shouldn't bother with this game. It's not for you. On the other hand Path of Neo is likely to convince some casual gamers who are looking for some good fun for a short time. The stunts you can pull-off, without much effort I might add, are very appealing. The game has tons of crazy combos that really let you kick some @ss. It also features some lite stealth features that, again, will be pretty entertaining for casual gamers. You get to play through many of the trilogy's famous moments: the "save Morpheus" mission from the first movie as well as the burly brawl or the final epic battle from the two sequels (although not as you expect it). Be warned, if you're looking for depth here, you'll not find it, the game is all about action. Still, it's sad that a trilogy like The Matrix never gave birth to a game that explores the lore and philosophies of its universe and from this point of view, Path of Neo is a disappointment. But if it's action you want, it's action you'll get.
Things get ugly once you approach the tech side though: I don't know what engine Shiny used to develop this game but one thing is for sure: it doesn't look that good. The engine's bad looks are accompanied by some massive frame-rate drops in certain scenes... but most of the time you'll get decent performances even on older hardware. In opposition to the graphics is the sound: Path of Neo features some good voice-acting and really realistic sounds from weapons and such. The physics engine is also good, you can destroy almost every object in the environment... though it needs some tweaks because certain objects just fall apart by simply bumping into them.
It wouldn't be fair to call Path of Neo a failure, it's more like a bit of both sides. The graphics, the performance, the lack of depth and the end will disappoint you but the awesome kung-fu scenes will really keep you jacked in. I actually recommend the PS2 version which performs a bit better frame-rate wise, but you can also stick to the PC version. So if you're out of games to play you could try this, it's entertaining.