I hardly know where to begin in describing this beverage. Like most bottled drinks of its kind, which are meant to sort of imitate "real" cocktails, it's alcoholic without containing any hard liquor. No, these drinks are actually pretty closely related to beer - they are malt beverages, fermented without hops to avoid too much of a beery taste, then sugared up and flavored to appeal to, I guess, a younger demographic. One that has grown up drinking Coke and Mountain Dew and which doesn't care for the bitterness of hops or the full body of a "real beer."
So, with that part understood, and accepting this Seagram's Peach Fuzzy Navel for what it is, I will tell you this: it's pretty good. Refreshing, even, in the same sort of way you might be refreshed by a soft drink. It's lightly carbonated, somewhat more sweet than I'd like but that's the nature of the beast I guess, and it tastes like a juicy fresh peach (albeit with a very slight back taste of malty brew.). They go down easy. On a warm spring evening, standing over the grill and keeping an eye on the hot dogs, the Fuzzy Navel is a great quaff.
That leads me to another point. The Fuzzy Navel is fairly low in alcohol content at 3.2% alcohol by volume. It's sweet peachiness and gentle fizz make it easy to guzzle, and therefore easy to pound down quite a few without feeling the alcohol sneaking up on you. 3.2 or not, if you drink enough of them in a short enough time, you're going to feel it. It's up to you to decide whether it's worth paying premium alcohol prices for a mildly-intoxicating alcopop.