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No, it's not. For free stuff, Avira > Avast! > AVG
Funny how many times I link that site and people just ignore it and continue to claim that AVG is good. "You can lead a horse to water, but you can't make him drink" I believe is the saying.
So you do realize that the link there shows AVG anti-malware right?
How about you read basically any of the previous reports?
They do 2 tests a year, buddy. I don't know the difference between AVG's different programs, but they've always sucked in the tests, so it doesn't matter.
Edit: I looked for you - http://www4.grisoft.com/doc/2212/us/crp/0 - FROM THEIR OWN SITE, AVG Anti-Malware IS their anti-virus plus some extra stuff. So your free AVG anti-virus is even worse.
That's kinda stupid... no matter how careful you are you can still get the crap so it's always a good idea to have them. Even if it's just Spybot S&D and AVG.
Nothing stupid about not running either.. what's stupid is keeping valuable data on a PC and/or allowing yourself to get infected whether you have AV or AS appz.
If by chance I do get something on my machine, it'll be reformatted and Windows, drivers and appz back on it in less than 1.5 hours.