The first thing that hits me on the nose is the grain, very clean and cereally, then a little malt alongside cardboardiness and mustiness, with just a hint of lemon for a brief moment. The before mentioned peatiness is really faint and hidden somewhere between the cardboardiness and mustiness. A big let down so far.
The nose translates well into the taste, but with less cardboardiness, more malt, the grain whisky pushes the lemon a little to the fore, the peat is better detectable now, but the whole remains really thin and watery, thus the finish is barely noticable, probably the shortest finish I ever had in any peated whisky.
Mind you, we are talking about the discontinued version of '"Black Bottle", the contemporary one has a completely different bottle shape and a new label, and is (from what I heard) a completely different animal altogether. I know that there are versions prior to this one, that used the same bottle shape but had another label different from this one, these versions maybe better, but I doubt I will ever find out.
I cannot recommend this version to anyone, ever. And if I really think about it, the last time I had a contemporary Red Label it was much better than this stuff. Just another duffer.