According to ESRB, this game contains: Blood, Language, Suggestive Themes and Violence
Parents should ask themselves if they would allow their offspring to watch a Matrix movie and then decide wether or not the game is appropriate. It features a lot of fighting without being overly violent. Nobody is dying by the way—Neo's enemies just disintegrate into green floating matrix code, which also substitutes for blood in the game. Furthermore, there are some more or less explicit sexually-themed scenes from the movies.
If you are a fan of the first Matrix movie you will probably want to check the game out for the unique chance of playing as Neo. But be warned: don't have any high hopes for further insights into the matrix. In this regard Path of Neo will just repeat what Reloaded and Revolutions did to you.
If you are, on the other hand, a fan of all three Matrix movies, and thought Reloaded and Revolutions were great action flicks too, you will most likely enjoy this game. It offers an "alternate ending" that rocks even harder then the battle of Zion you loved so very much.
If you never saw one of the three movies, and you are just looking for a cool new game to play, go look somewhere else. There are not only better action titles out at the moment—you will also be lost on the story. The cutscenes are rather avant-garde mixes of scenes from the movies which will leave you totally clueless, if you haven't watched the aforementioned.
Deaf and Hard of Hearing gamers might be put off a little. Although the dialogue is subtitled, not all audio clues are represented visually. That might leave players a bit lost in the already quite confusing shoot-outs.