Don't drink as much as I used to, but I still love red wines very much. I actually used to loathe them and stuck to chardonnay's and white zinfandels, but my wife got me hooked on reds while we were still dating. I prefer merlots, shiraz/syrrahs and pinot noirs for the most part. I like cabernets quite a bit but the vast majority of them tend to have tannins that set off my allergies quite badly so I avoid them. There are some very good, relatively inexpensive wineries both domestically and abroad these days:
Domestic:
Rodney Strong - A Sonoma Valley winery that produces some exceptional white wines. Their Chardonnay is very good.
La Crema: Another Sonoma Valley winery that's actually a part of Kendall-Jackson that's run independently under their own label.
Ste. Chappelle - An Idaho based winery.
Chile':
Los Vascos - One of the finest merlots I've ever had came from this winery. Can be somewhat difficult to find as only well-stocked wine sellers or those with an insightful wine buyer tend to carry this label in limited capacity and it gets bought up quickly by those in the know.
Austraila:
Some of my favorite wines these days are coming out of Australia. They're flavorful, full-bodied and very inexpensive. The two labels my wife and I have explored quite a bit are:
Black Swan
Yellow Tail
Both are producing some interesting blends, which is sort of the trend of late. My favorite is the Shiraz/Merlot blends they're both putting out.
jag