Conclusion: I've never seen a security suite with as many distinct security tools. Antivirus is stellar and antispam good, but many other tools are flawed. Wait for the next version. If you're already a McAfee security subscriber, continue allowing automatic updates, but until things improve, consider ignoring alerts to install the latest version.
Pros: Powerful antivirus. Good accuracy in spam protection. Simple design makes it easy to access huge set of features. Most features configured for full protection right out of the box.
Cons: Antispyware wrecked some test systems. Design problems in antispyware. URL logging endangers privacy. Slows system performance.