Back in January, I posted a couple of notes from a tasting that I went to:
viewtopic.php?f=3&t=37232.
At any rate, haven't heard of Pheasant's Tears before, but the wines that I have had from Teilani Valley PLC and Telavi Wine Cellars have all been at least interesting. Those are the only producers that I have tried so far, though. All of the reds that I have had have come from the Saperavi grape, which seems to have some potential. I have never had a Georgian example of Isabella, which is widely grown over there, but Finger Lakes Isabellas have not impressed me. Khvanchkara and Kindzmarauli are two semi-sweet reds that have some historical significance, but the semi-sweet aspect may turn other people off. The one Kindzmarauli that I have had from Teilani Valley PLC was good, if you don't mind that it isn't a dry red.
As far as whites, Rkatsiteli and Mtsvane (I'm not sure if Kakhuri Mtsvane is the same grape or not) seem capable of at least making some good value wines. I have also had domestic Rkatsitelis from Dr. Konstantin Frank in the Finger Lakes, and Westport Rivers in Massachusetts;the Georgian versions that I have had are at within striking distance of their American counterparts, if not quite as good as the best from Dr. Frank.