While I was in Navarra this summer, I was told that, due to fierce competition from other Spanish wine regions (as well as European and New World wines) there has been a push for quality since 2007, and I found plenty of evidence to back this up. Briefly, here is what is going on at a sampling of wineries in Navarra.
Clear, bright, ruby red color. Aromas of cherry, strawberry, baking spice, oak, and Good & Plenty. Dry, medium-light tannin, low acid, medium-light body. Red fruits and diluted savory herbs on the palate. Very short finish. Let it open for a bit before drinking, otherwise, not recommended.
Both Chile and Argentina are also producing unique wines of real character, many of them at prices that are fractions of their Old World European or even U.S. counterparts thanks their to the much lower labor and land costs. You just need to know where to find them.