Pros: Price, Mellow, 7&7 still a classic
Cons: Can thwart off non-whiskey drinkers, be sure to drink your water
Seagram's has been around for a long time, and 7 be there standard whiskey for a little less than standard price. I think when choosing a liquor, the following things must be addressed: taste/finish, mixing/shooting, drunk, and value. So here we go...
Pretty mild when compared to the bite of some others, but a robust flavor. It isn't the best tasting whiskey around, but deserves a bit more credit than it oftentimes earns. The finish is moderately lingering, and slightly pleasant.
As a mixer, who hasn't heard of 7&7 (Seagram's 7 and 7-Up if you've been living under the ocean for a few years). This one is pretty good, with their flavors nicely complementing. I find little else to mix it with, but I'm no bartender -- if you appreciate whiskey, maybe this blends better for you. Shooting is how Seagram's became known to me, and how I continue to observe its tradition :). With a moderate water chaser, the experience is more than acceptable.
Ok, let's get real now -- This is why you're considering buying a bottle. The drunk for Seagram's 7 is very enjoyable, and as long as you drink in moderation you should not get sick. Keep up on drinking your water, and you should feel no hangover (However, if you don't you could ;) you've been warned).
If you are a whiskey lover, $11 (At least in my state) is a fair price to pay for a whiskey of this quality. If you aren't, its flavor may be harder to appreciate. Overall, this is probably my whiskey of choice for its price (hey, college students DO actually buy more than alcohol...) and it will earn repeat buys.