Nice. No spyware or adware. But for "only $29.40" -- one time charge -- I could have bought, pfft.. anything else!
You are still at risk to download a virus. You are still at risk of being sued by the RIAA. And you are still at risk of downloading a German porn when you REALLY wanted the Star Wars movie
FYI, LimeWire basic also doesn't have adverts or spyware (and it's free!). I also recommend it.