Unlike most peated whiskies this was not created using a peat smoked malt, but instead matured in casks that previously held peated Scotch whiskey.  The nose is sweet, some vanilla and cereal notes, very Penderyn and no peat I could discern.  The taste... Hello Peat.  Behind the peat this is Keyser Soze, ie The Usual Suspects; creamy, grain, vanilla and then the finish is soft with a tingle of peat.  Not bad at all, however I think the Sherrywood better showcases the Penderyn spirit than this expression.