Nose: light, mellow, slightly fruity, earthy. The peat plays peek-a-boo: there one second, gone the next.
Taste: very thin, insubstantial body. Fruity sweetness is headed off by a massive bitter surge. I get the impression that the whiskies employed here are quite young and raw. With the addition of ice it becomes more balanced, but still not much in the way of peat.
Finish: crisp, somewhat bitter, with just the faintest hint of peat.
Balance: yikes. I was expecting something a little better than this. It is not that the whiskey tastes bad; it's that whatever good flavours it has are drowned out by untamed bitterness. Not sure where it comes from but you could nearly call this stuff "acrid". Doesn't do much in the "blend vs. malt" argument.
Update: after having the bottle open for a week, this whiskey has improved quite dramatically. Less bitter, more integrated now. If I had to rate it again it would probably score in the low 70s.