We know that the storytelling of the Matrix is meant to be portrayed in many different formats, but one area the franchise is lacking in is reading material. Sure, we have the philisophical books (but how many do we really need?) and the "Art of" books, but I mean actual story telling novels, similar to the Extended Universe that Star Wars has and it's very successful line of novels. The Wachowski's could hire multiple talented sci-fi writers to write a series of novels based on and off the Matrix universe. Some examples? The previous iterations of the MatrixThe previous six OnesThe origins of SeraphThe origins of the Exiles (particulary the Merovingian)Childhood stories of our favorite charactersNovels past MxO ??There's so much untapped storytelling that the Matix provides, and with novels, it leaves it up to the reader's imagination.
The main plot is mostly told, but like the SW:EU, the plot can be twisted and deepened with many side plots and stories.
If it's given the okay by the Wachowski's, I don't see how these novels would not be accurate to the main plot. Perhaps the Wachowski's don't want everything explained, which is my thought on why it hasn't been done yet.
What, you don't think they care about the franchise that made them famous and rich?
It's not like they have to do anything, besides picking the sci-fi authors they want and then reviewing the contents of the novel to get pre-approval. They said they have moved on, but I guarantee at some point they will return to the franchise that helped mold them who they are today.