One of my favourite Chilean wineries is Valdivieso, and this month the BCLDB has discounted the Reserve Cabernet Sauvignon (#412858) and Reserve Merlot (#296285) both down about $5.00 to $17.99.
I am very familiar with the Cabernet, and recommend it highly, so last night I grabbed a bottle of the Reserve Merlot 2003 and had it, with Baked Ham, for dinner. The wine is very good, with lots of big red fruits, a little spice and fruitcake and a long velvety finish. This is the reason everyone fell in love with Merlot, it is satisfying without challenging - just a really good glass of wine.
Buy some and enjoy.