Are they "age worthy"? Unless they have some good fruit and a decent amount of tannin, aging won't help the flavor and may even hurt it (although I suspect a couple years won't have much impact). I have a few bottles in my cabinet that are now over 20 years old that I save for special occasions, and am almost afraid to open them. So far, I haven't had a stinker, but it's bound to happen.
As far as cheap red wines go that are pretty decent, Australian shiraz/shiraz cab blends, cabs from Chile are some of the best values that I've found. Of course, everybody has different tastes but I find they aren't bland and have decent flavor.