McFarlane toys is coming out with action figures (and sets with bases) for the matrix at www.spawn.com you could repaint them and call it 1/8th scale...
Mouse, I\'m guessing you\'d want the Woman in Red... your favorite, right? Anyway, the only Matrix-ripoff fig I\'ve seen for sale was a Ground Zero Games\' not-Trinity, and to be honest it didn\'t look all that well sculpted. There\'s a nice converted Morpheus posted here by Judas. It sounds like he had a lot of GW sprues to cannibalize though.
I saw the second one last night. The first one is so much better. And the whole plot behide it with the Mother Oricel, And the Father thing and the destruction of Zion...Yea we think we have a choice...What ever. Sorry trying not to say to much about movie if ya haven\'t seen it yet.
Wargames Foundry Street Violence range has some very matrixy 25mm figures. I can\'t remember the name of the squad exactly, but browse the site and you\'ll see it. With very minimal conversion you could get the look exactly right.