Now AVG free will have anti-spyware and a link scanner. This essentially will be the same as the old version of AVG antivirus 7.5 with the addition of AVG anti-malware. The link scanner is from XPlabs link scanner lite.
Here is the press release .
This link should get you to AVG free .
Here is a link to “link scanner lite” to give you an idea of how it works.
AVG purchased XPlabs earlier this year.