yes blue label is F-ing expesive (i thought it was a little less, like $160 a bottle, but i don't know) and yes it tastes REALLY good (my housemate's mom got him a bottle as a 21'st b-day present, and he was generous to share a little)

I am very lucky, i live in a house of whiskey snobs so we usually have some good stuff on hand. (that and a couple of them just came back from Ireland and brought back some from there as well)