Jimbo, I'm sure we can appreciate the first post itself is nearly 3 years old, and even Ad-aware was a formidable contender at that time, though things do change and personally I wouldn't touch ad-aware any longer with a barge poll. However, I can't help feeling that Spybot is maybe getting an unnecessarily rough ride here - I have used it previously myself with good results as a compliment to other spyware programs, and in fact has picked up some traces of bugs that the others missed. I wouldn't necessarily install it as a matter of course, but it would depend on the level of infection we were dealing with on a PC which may lead me to believe it wouldn't do any harm to have it scan a system.
Spybot is, admittedly, geared more towards IE than the other browsers, but it does still offer some advantages for other browsers in regards to realtime protection - the immunize function for example, will stop tracking cookies and spyware installers and the tea-timer will stop known malicious processes and prevent changes to critical registry keys - other spyware applications will charge for this level of protection. I guess it really does come down to what we all consider to be the most important aspects of safety on our PC's and as I say, although I wouldn't necessarily install Spybot as a first choice, I certainly wouldn't dismiss it either.
Now the only thing I'm left wondering is, have I just recommended Spybot ?
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