It just isnt for me because I know how he will end up. There doesn't feel like much can happen. Hes born, has an upbringing, gets captured, etc and then bam you're into the start of The Matrix.
I mean I'm not a big Star Wars fan but even I know that when they went back to 1, 2 and 3 they were no way near the old 4,5 and 6 movies. At least for Star Wars they had a huge story they could fill across 3 films. Matrix doesn't have the same feeling.
However, a spin off about other characters may be worth a shot.