Originally posted by: Hubris
My take was that since it's a "virtual" world, you don't really die, but your brain believes it has and thus you do really die. But because Neo is Neo, he was able to overcome that and thus not die. He knows intimately that it is just a virtual, not real world, and so can decide what he wants to happen and what he doesn't.
My take on it is that the chosen one is able to see the virtual world of "The Matrix" as just a virtual world of information, 1s and 0s. By acknowledging its just a world of information, the chosen one is able to manipulate the world however he wants within certain boundaries. Therefore he can do more than the others like Trinity, Morpheus etc. It basically allows him to "put on GodMode in certain situations." Since the Matrix is alive and sentinent it's always looking for ways to shut his "GodMode" down or limit it as much as possible.
So it the case of getting shot, bleeding, dying etc. Its just information which he can manipulate. I have to agree the kissing part was lame.