Here's a comparision at a german forum:
http://www.rokop-security.de/main/article.php?sid=757
Seems a pretty good av.
But main complaints from users are the updates. Very large and slow.
Also potential problem as it identifies certain Panda.dlls as a trojan.
" still detecting Panda's DLL as a nasty. W95/Bumble"
"the problem with the panda-dll exists since months, it is known (even to H&B EDV), but for some reason it is not being fixed."
http://www.wilderssecurity.com/showthread.php?t=40063