I was just checking my PC as my dad managed to download a worm earlier, and I ran Microsoft Antispyware, Ad-aware and Norton to get it off. However, I now know that my system is clean, except for the process indicated above.
I always thought that this was something to do with MS Antispyware, but "Startup Inspector for Windows" told me differently. It said:
"Added by a variant of the RBOT WORM! Do not confuse with the Microsoft AntiSpyware executable of the same name"