My latest source for decent, inexpensive wines is our local co-op. This week, I stumbled on a very nice, inexpensive red wine - Opera Prima Tempranillo ($5.99 for a 750mL bottle).
This Spanish wine is a beautiful dark ruby color. It has a light bouquet with cherry notes and a smooth, full bodied taste with notes of raspberry, cranberry and spices. It's these flavors that make me think this wine would make a great holiday hostess gift. And at $6 a bottle, you can afford to buy plenty! I will definitely be stocking up on this wine.
If you don't want to trust my review (because, honestly, I'm not a wine expert) - consider this - Wine Enthusiast says this is a "Best Buy" and Steve Tanzer's International Wine Cellar gives it 87 points.