Firewall settings home of work?

I’m a little unsure how I should set my firewall for home or work, Our PCs are used heavily for the internet, p2p and they often act as media centres for our consoles so really id like everything to run smoothly while giving me protection against anything nasty.

The home setting suggests it lets absolutely everything through? making it redundant? Can anyone suggest what the best setting is?

Work is almost always the correct choice (the default mode). Public if you are connecting to a public network.