It was unapologetically nerdy; it doesn't try to "be cooler than it is". The filmmakers didn't feel compelled to include a scene filmed in a nightclub (like Swordfish or all 3 Matrix movies). They didn't feel compelled to gussy up their characters in absurd costumes (like Hackers or, again, all 3 Matrix movies). The plot and the characters were interesting enough on their own.
The result was that I never felt like they were talking down to me or pandering to me. As a side benefit, I'd argue that Sneakers has aged much better than other hacker movies have.