Funny, I always thought The Matrix handled exposition rather poorly. There's too much of it, virtually the entire second act, and it grows tedious.

I never really got into this movie, but I do believe there's quite a lot in Reservoir Dogs and it's done fairly well.

1) The scene has an immediate conflict that masks the exposition. We're so engaged by the huge choice Neo needs to make that we don't think of the context provided by Morpheus as exposition. And the exposition is key to understanding the stakes in making the choice. 2) The exposition is a fascinating reveal on reality -- our reality, not a sci-fi reality. The exposition is the High Concept of the story. It's the reason we're watching the movie to begin with.