I disagree that it's essential on any system - because it very much depends on the circumstance.
To explain my train of thought more clearly (because our opinions seem to clash a lot and I ought to give it more explination)
-User is constantly downloading and running files in attempt to get copyrighted material for free and running them: AV essential
-User clicks on things without reading and visits many websites: AV essential
However situations such as the following:
-Very competent user and doesn't do high-risk activities on PC
-Server performing highly secure service only with highly restricted firewall permissions, no web browsing enabled.
-PC disconnected from internet, only CD-ROM media installed on the system.
Would not neccessarily require AV software, in my opinion.
Obviously we have our different opinions on how secure Windows is an OS and different knowledge of exploits.
It's not just limited to those examples above, by all means.
I should say that these opinions are unrelated to security software which blocks phishing sites etc - in my opinion these are social-engineering protection products and not what I'd call antimalware. I certainly have no requirement for something which tells me if a page is fake or not.
The other problem with companies bundling things like with their security product is dilution of the programmers efforts, interfering with the Windows kernel is not micky mouse stuff and I fear that sometimes the development effort gets diluted adding value add [censored] which isn't actually that important in the end. Programmers get told to develop toolbars rather than develop efficient scanning engines.
Ultimately, my own experience suggests that 99% of infections usually come from the user clicking "OK", and I know that I have the ability myself to resist clicking things without reading.
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