Nose is nutty and floral, with white wine, and slight ammonia.  Palate is fruity and decently-tasty, sweet (marshmallows), with light spice... I taste some cilantro.  In the long finish, some pepper enters.    Water tames the cask-strength flames without losing much, letting the sweetness come through better, and opening up some notes of peaches.  This is certainly decent-enough whisky, but it's approaching the cask-strength version of "ehh," and on the lower end for D&M's Aficionados Club... which actually says good things about D&M.