That's exactly what I use. I then print my labels on the 8164 (I think is the right number) labels, the ones which are 3 1/3" X 4" and print out 6 on a sheet. They make excellent wine bottle labels. I have some in the standard paper, and others in the vinyl which are run-free when they get wet.
I use the same design for all my wine bottles, and just change the information from batch to batch. I chose a fancy font for the labels to give them some class. On the sides, I have a MM-YY bottling date, as well as a code for what kind of yeast I used. The other side has the mL volume.
The wine glass & grapes logo on the label and in my avatar I made from "stealing" images from the internet and putting them together.