I love this movie. The acting is brilliant, as is the storyline and special effects. Most of the main characters are good role models as they are loyal, determined and care about each other (apart from Cipher, who betrays his friends and kills all but three of them). However, there is no way that this is a 14+ movie.
First of all, on the disk, there are two age ratings. One says 15+ and the other says 18+. The romance (two gentle kisses) is not so much of a problem, as is the Oracle's smoking and the few swear words. The biggest issue is the violence and intensity. There's a lot of gun play and blood. Morpheus is brutally beaten up in one scene and then tortured. Neo is shot at least five times and shoots several other men. There's also this creepy bug that's implanted into his stomach. Gross. I also remember the scene where Cipher kills Dozer and nearly kills Tank (you see a lot of charred flesh).
Don't get me wrong, though. It's an AWESOME movie, but just NOT a 14+.