WB rights to The Matrix Franchise

[Morpheus]

So to conclude we will never be legally allowed to create anything Matrix related. Off the record and down low! Yeah sure. And if we were to change the client then it wouldnt be theres. but were just going to recreate it. Technically illegal but so far they dont seem to care. And believe im sure they know by now what were doing!

We are not going to change the client... (content) i think. And no, we are not illegal. At least not in my country (were i think that there are no hard laws about reengineering). But is more like a legal gray point than illegal. And as long as we are not publishing it for profit... is like writing an essay about the Matrix...
We may even loose money if we put a server xD.