Equilibrium is definitely a fun movie, but it's hard to avoid the fact that the Matrix does it better.
I remember it had a "Forget the Matrix!" quote on the cover, but when I saw it on a rental store shelf many years ago someone had put a store sticker on it so it just read "get the Matrix!"
Isn't treason only in times of war? I think that's why they are being accused of sedition instead. I suppose that's kind of a minor point regardless since I think the only major difference between treason and sedition is the wartime distinction.