Chile does cheap well. There are some very interesting areas for wine, but the thing you have to ask is 'why would you?'! What is the point in spending £30 on a bottle of Chilean wine when you are more than likely going to spend less on that for an equally good (or better) wine from another country. With the exception of regions such as Itata, drink the cheap stuff, leave the higher priced stuff to other folk!
My favourite producers