Very deep color. Probably some new oak aging but, if so, the fruit shines through clearly. Dark cherries, flowers, black licorice. Similar to the 1999 and 2002, both of which seemed to be predominately Nebbiolo. From what I can discover, there are probably some grapes from farther South in the blend--Sangiovese and maybe some Primitivo. Whatever. It still has the powerful thrust along with pretty floral and spice tones. Very enjoyable.
The price of Nerelo has gone up to $8.99 at Trader Joe's, and it can be found for the same price at World Market.I'm still hanging on to some of my older bottles from 1999 and 2002 because they seem to be improving. This NV is probably for near-term consumption.