That is correct, no MS security updates of any kind in my personal computer, automatic updates turned off permanently. Although this is a matter left up to the individual.
If you study the issue, you will discover that Panda addresses security vulnerabilities without the Microsoft updates, and works quite well without them. In fact according to my experience, works better than the microsoft solutions.
Having fixed quite a lot of computers attacked by viruses, almost all of them had every MS update installed, and also had anti virus installed. That did not stop them from being infected. By far, the majority attacked successfully had McAfee installed.
The panda system which has the 360 feature (same as norton 360) as one layer of the panda protection. Another layer is a heuristic and behavioral monitor that identifies unknown threats. This is combined with known threat detection, panda firewall (replaces windows firewall) identity protection, vulnerability protection, anti spam protection.
While many other systems are based on eliminating threats that have entered the computer, the panda system adds a layer to block the threat from entering the system in the first place. This is called Tru Prevent technology.