Did someone mention the "perfect cheap cigar?" I'm in search of that holy grail as well, but so far what I've found, and for that matter what I mostly smoke now, is what I consider to be "decent cheapies" - ones I can pick up on the cbid in the $2-3 range. Here's my current list:

Cabo Classic
Gurkha Park Avenue CT & Mad
Nica Libre
5 Vegas Gold (not the maduro though)
Schizo
Bahia Red
Bahia Blue
John Bull
Graycliff G2
5 Vegas classic
Buenaventura
Bahia Trinidad
5 Vegas A
RP Cargo
Bahia Icon
Joya de Nicaragua Fuerte
Bahia Gold White Label
Flor de Oliva
Fonseca Arana