In some circles it's considered a bit unsophisticated (at least if drunk as anything but a dessert wine), but I love Muscatos (wines made from Muscat grapes).
Ironically, I think that the Muscatos taste very much like the ice wines (which have a much better reputation, but usually a much larger pricetag).
Muscatos are usually fairly low in alcohol, with a sweet and clean taste. In Italy, I've been told they're popular as summer drinks (sort of like lemondade) served with ice, and also as dessert wines.
Muscato d' Asti is a sparkling wine (my favorite), but in general, sparkling or not, the Muscatos are inexpensive. I've tried almost every Muscato I've come across that sells for less than $20. One of my favorites is Bricco Riella Moscato D'Asti which usually sells for around $9 locally.
Ironically, the lower priced Muscatos tend to be (in my opinion) every bit as good, if not better than the more expensive varieties (though the alcohol content is also usually a bit lower).
This is hilarious, but what's in my fridge right now is a bottle of $3.99 screw-top muscato wine (Chateau LaSalle Moscato Blanc). I didn't see the price tag until after I bought it (I just saw a Moscato that I hadn't yet tried), and it's surprisingly good - comparable to many of the $12 bottles I've bought.