For a nondystopian (depending on your perspective, I suppose) version of this reality, see Daniel Suarez's daemon and freedom. Highly recommend.
It's the writing style - it feels like a cheap thriller written for teens. Too many characters and cheap tricks to 'educate' the reader about technical mumbo-jumbo.
Of course, this is my very subjective opinion. But having read enough PKD and Gaiman, my expectations are different than may be majority of the readers.