There have been a number of process firewalls (which is what Voodoo is) over the years, and most have not lasted long, mostly because they tend to inhibit the computer's use, and because they need a level of knowledge if you are to use them effectively.
UAC which comes with Windows is a process firewall, but one that is a much "watered down" version of something like Voodoo, and many people find it intrusive having to "approve things all the time".
As for setting up e-set, well the default settings are generally adequate for most people's use. As I said in my previous post, your likelihood of contracting an infection are determined more by your browsing habits than by what defensive programs you have, or how you have them set up.