To state the obvious first: the strength is way too low and makes things a bit *too* soft and watery. With that out of the way: this is an elegant, dry and multi- (rather than one-)dimensional Speysider with enough unique characteristics and particularities to make it stand out.
The nose is especially nice, with soft florals, dry sherry, bitter oranges, faint liquorice, and musty wood. None of this is loud or in-your-face; it all arrives in a whisper.
On the tongue, things are somewhat less impressive. There's some soft sweetness initially, then garden-fruit juiciness and dry tannins vie for superiority, with the bitter side of things winning out in the end. On the whole, a rather astringent and oak-driven affair, which isn't necessarily a bad thing. This one actually pulls it off quite nicely. A good apéritif (in the tradition of the Italian "bitter"), at any rate.
The finish is medium, bitter, slightly gingery and peppery. Again, this sounds worse than it is. Somehow the tart elements do not disturb here but come across as delicate, restrained and, for lack of a better word, deliberate.
A nice whisky if you like things soft (in terms of strength) and dry (in terms of taste). If you like the AnCnoc 12, you'll love this. Worth it if you can get a bottle for under 35 € and are not yet spoiled by >46% whiskies.