It will go ahead and auto update and download as needed it.
The standard installation steps will take place and, once the application is installed, you will be asked to walk through some initial setup configurations.
Please note this does not mean you are allowed to spam the forums.
Peer Guardian is a privacy oriented firewall application.
Usually I would just assume that it as down for a few days and move on but I have not seen anyone else say that they have this problem so I am thinking that it may be on my end.
Has anyone else had this issue or am I the only one?