This cat is actually taking the situtation better than any cat I've ever seen. It's typically more of a 'Put that collar on me and die' situation. That or they consider the leash a moral enemy.
My cat doesn't mind his collar, and when he's on the leash out back (which is on a system that allows the leash to move along another rope so that he has access to more of the yard, one of the cleverer things my Dad's come up with) he's quite fine and dandy. (Fail to put the leash on him, though, and he becomes an evil non-tai imp who wants to make you chase him down and doesn't want to be caught.)
He hates chains, though (This is my fault because I was goofing around with one and scared him when he was young) and when you put a hand-held leash on him, he doesn't really know what to do with it. There's also the fact that he's scared of travelling, preferring the familiarity of the back yard compared to the open-scariness of the front yard and sidewalk.