@TheSubCommander: All good points. I guess all I can say is that I wish the circumstances had been different. Maybe they were spent by that point and couldn't afford it?? Glad you and your buddies loved it the first time around. I enjoyed my first watch through as well, just wish it was more enjoyable for me the second time around.
It's possible, like said earlier, that the writers simply wrote themselves into a corner, and made the Borg too powerful. It was very "War of the Worlds"....in that an almost invincible enemy is brought to its knees with a simple solution. For the Martians, it was germs, for the Borg, it was the very means they attempted to defeat the Federation, their link to Picard, that defeated them.