gistfile1.php

<?php

/**
 * Implements hook_form_alter().
   To Replace the -Any- value in filters by it's label text
 */
function theme_form_alter(&$form, &$form_state, $form_id) {
  kpr($form);
  if ($form['#id'] == 'views-exposed-form-admin-people-block-1') {
    // $my_label = 'label name';
    foreach($form['#info'] as $key => $filter) {
      if (stripos($key, 'filter-field') !== 0) {
        $my_label = $form['#info'][$key]['label'];
        $value = $form['#info'][$key]['value'];
        if (isset($form[$value]['All'])) {
          $form[$value]['All'] = $my_label;
        }
      }
    }
  }
}