Is This Bordeaux Too Old (1996)?

On 10/12/07 I bought a bottle of Chateau Tour St. Joseph Bordeaux (Cru Bourgeois / Haut-Medoc) vintage 1996 for $25 from Total Wine.
I opened it that evening, did not decant, but let it sit in the glass for about 10 - 15 minutes. It had a vinegary finish consistently, otherwise the other flavors were muted.
The cork was intact with no signs of leakage.
Also, it was nothing like any of the Bordeaux I've had before.
So, finally, my question is: Is this wine just too old?
Thanks.
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