It is perhaps not his fault that the Wachowski brothers have ruined him forever. But it's definitely not my fault that he's not a good enough actor to banish the spectre of Agent Smith.
No, that is Peter Jackson's fault. Now, Elrond is kind of a jerk, but he's not the kind of sterile, creepy, profoundly weird-looking jerk that Hugo Weaving is capable of playing. It is no accident that most of Mr. Weaving's recent films have him wearing a mask, or are animated (Transformers falls, effectively, in the latter category).
He's uglier than the back end of a cab. And he has a receding hairline. Now, Haldir was a little bit plain, and Celeborn had that heavy jaw, but elves do not have receding hairlines. The make-up department gave everyone pointy ears or made them into Orcs, but couldn't correct Mr. Weaving's hairline? Did they not notice it while they were tying those stupid little knots in his weave?
Elrond shouldn't be ugly--not because I am shallow, but because he is an elf--and he shouldn't speak in an off-putting nasal drawl. He also shouldn't put people in mind of one of the most surprisingly disappointing film trilogies of all time. It sets the mind rolling on unwelcome parallels.