Basicly the Ferengi have been replaced by the Borg. Your home system is unimatrix zero and basicly you go forth rampaging across the galaxy bringing order by assimilating other cultures, though diplomacy is also an option if you so choose.
Most of the ships you control are borg, but you still have the Ferengi non combat ships. weather this will be resolved in a future mod i don't know right now.
I love how the modders got round the Assimilation philosphy with the Borg. Basicly the Borg research structure are useless, even at advanced they'll have an output of 1 or something miniscule. the idea being you conquer other races and use their research structues instead, hence assimilating their sum knowlegde into the collective.
Also, on this theme, when you attack a system, it's still conventional bombardment backed up with troop transports, though 'attack system' has been relpaced with 'Assimilate' in the commands box.
You can't assimilate passing ships like the Borg does in the TV series, that too is down to conventional battles but the borg you play as are as beatable as any other empire you face on the battlefield.
Furthurmore, the borg have a special structure, on their homeworld, the Borg Vinculum if i remember right (yell at me if i'm wrong) which gives a +50 boost to morale empire wide. So once you've conquered a star system, this kicks in and the sujugated system's morale is up into the loyal quadrant of the morale chart. Because drones have no concept of morale, it is an irrelevance to the collective.
They also have a structure that can enhance industry outputs by 50% on all their colonies. (yep they can colonise planets still)
It's a well thought out mod as far as playing the borg are concerend bearing in mind the constrictions of the origional programming of the game.
I know a few ships from the other empires have been tweaked, and given better graphics but the full details of which are in the readme that comes with the mod. But i can say from memory the federation have a re-textured outpost that looks a lot better than vanilla, and the Cardassians have the Hutet cruiser to play with.
One more thing. If you play with the random events on you'll might run into an amusing encounter. The random events borg might just show up and bother you irresepective of you playing as the borg.
Again, anything i've missed out here i do apologise, my memory isn't the best in the world at times
