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';
    $my_label = $form['#info']['filter-field_region_tid']['label'];
    $form['field_region_tid']['#options']['All'] = $my_label;
  }
}