So here's the deal... I LOVE single malts, and I have a decent collection from Bruichladdich, to Bunnahaiban, to Macallan 30 and so forth.
I get Blue Label for $135 a bottle delivered and it is worth every penny. Granted, if I were to pay the retail (or even close to it!) I would steer clear.
Still, if you are looking for a delicious, smooth, and not entirely complex drink but one that still presents well, then Blue Label is wonderful.
It gets a bad wrap, but the reality is that it is overpriced, not a poor product. IMHO, if you can snag it for under $150 tax, title, and license, you are getting a good value.
**I would also say at $150 you could argue that Macallan 18, or Dalmore King Alexander is a better value, but that would simply be my single malt snobbery