In fact, if there was another Matrix movie in the works, it would probably look a lot like this. Matrix Online: The Movie? Might work. Probably not.
In any case, Trickster was created by director Felix Joleanes after he came up with a 3D Sentinel (the squid robot) model in his free time. A friend suggested that he use the model in a video -- initially, a visual effects demo -- and this project evolved into the three-minute beauty you see above.
Trickster - The Matrix Fan Film [Vimeo]