Nose: young, herbal, farmy peat (less maritime than in, say, Laphroaig or Lagavulin), tamed by leathery, syrup-y modern sherry aromas. Manure and cherry cough drops; you get the idea. Similar in style to the Laphraoig Three Wood, though with less of an in-your-face approach. Water doesn't necessarily improve the nose; instead, the sherry recedes and more (young-ish) peat aromas rise up.
Taste: well-behaved and sweet, yet characterful. A good compromise between the stormy, peated and the rounded, sherried aspects. Caramel and sea salt. Good mouthfeel: viscous and silky. Gets rather saccharine with water. PX casks involved?
Finish: on the long side, obviously, given the peated barley and the ABV. Herbal honey, cough drops, red liquorice. Very nice.
I was skeptical at first, but this won me over eventually. The young age is not too apparent, and the sweet sherry influence works well with the savory elements. Mouthwatering stuff!