Nose: Sweet Molassas, nice.

Palate: Ok here I have a problem.  40ys... awesome.  Farclas... awesome... 40 years of delicious sherry powered mouth fuel... nowhere to be seen.  I own another bottle and I love farclas, I REALLY want to enjoy this but it just isn't happening  The oak seems to have rotted in this one.  Maybe they left it in too long.  I get a lot of toffee and then a quick burnout in the finish.  Nice body though.

What do you call an expensive mediocre scotch?

They call him Flipper, Flipper, faster than lightning,
No one you see, is smarter than he,
And we know Flipper, lives in a world full of wonder,
Flying there under, under the sea!

(In case of copywrite infringement, please sue the webmasters, I'll send the address)

UPDATE 1/24/11:

Okay, I didn't flip the bottle.  It shall be shared with friends.  Granted this is a new bottle, but I think I think it's a B+ this time.  Didn't get the rot this time.

N: honeysuckle sherry, light peanut oils, and a hint of cloves… very balanced and not overpowering        
P: sherried honey sweetness with some red apples, not as full bodied as expected with a 40        
F: sticky citrus finish with fudge and a bit of salt and a bitter aftertaste 

B/B+