@Logicfest -- you've hit on an age old debate for sure and certain. Granted, there are some great single malt varieties out there and a heck of a lot of blended Scotches are inexpensive, bargain bin abominations. Still, you will find some great and expensive blended varieties out there, too.
This is a fascinating debate because it is totally subjective. Some people prefer certain brands of single malt while others have their favorite blended varieties. The funny thing about that debate is that, really, everyone is right.