Natural Light is pretty typical for the "light" beer category; it only comes in at 4.2% alcohol by volume, and, well, I picked up the can for 70 cents. What’s that tell you?
Smell: Neutral, a hint of grain, and that soapy carbonation smell.
Taste: Mineral water character with a dash of grainy, grassy notes. Very neutral, and a little "hard" (as in water).
Mouthfeel: Very clean, super light and crisp—washes down and leaves almost no parting notes behind.
Overall: Typical "light" beer, little flavor or character; more of the mineral, bicarbonate character than "beer".