I've just recently removed links to IE-SPYAD from my site and my canned replies recommending it as a layer of security due to the long duration between updates and Eric has pretty much made it official:
IE-SPYAD is horribly out of date. Unfortunately, I simply don't have time to update it at present, and I have no expectation that I will be able to update it in the near future.
Eric L. Howes
From Spyware Warriors