Actually I was surprised to find this one a lot better than I remembered. It may not have the most original or complex storyline, but it still seemed a lot better-executed (and less corny) than other early season episodes like Code of Honor, Last Outpost, and Justice.
The aliens have a great TOS vibe to them, and it's kinda cool watching the crew have to contemplate mutiny against their captain. And when Picard beams out into nothingness, it's a genuine "holy shit, what are they going to do now?" moment.
And while I'm sure other fans roll their eyes, the idea of Picard somehow "finding his way" back onboard the ship (and creating that little "P" on the monitor) still brings a smile to my face.