I downloaded this as a temporary mesasure on a very old laptop. It SEEMS to work OK and updates every day. Does anyone have any experience of it, pros or cons?

I've used it for over three years and install it on all of my client's computers. No problems. It has found viruses that other commercial products failed to find. No cons.

The current version, which I guess you must have since it updates, is 7.5. It has a good reputation and is used by thousands. Maybe millions.
Other worthwhile free AV's include Avast and Avira, both recommended/popular. See Here for various comparisons.

Been using it for about 5 years or so now I think. Never used any other anti-virus software.
My employer provides me with an expensive commercial one. I don't use it. I installed AVG and it is the only one I update and use.