The Weird “Architect” scene in the Matrix Reloaded

For those who haven’t seen the Matrix, go away. This is definitely spoiler land.

Spurred a bit by the suggestion of Black Sheep and his comments about the Matrix Reloaded, I did a little digging, and came across this unofficial transcript of the exchange between Neo and “The Architect”.
It might help explain matters. But it raises as many questions about the mileu of the Matrix as it might answer…