Hi joe, people seem to think PVA is the answer to everything these days. If it was me I think I would rake out the cracks that are noticeable, then fill them with tetrion or polyfiller and sand smooth. The ones that are really small just put a bit of filler on with wide filling knife and scrape excess off and sand smooth. After this give it a watered down coat of emulsion first to seal the walls then 2 good coats of emulsion. If you put PVA on to the walls there is a good chance that the paint finish will go bobbly and look terrible. It's ok to use it as a sealer if say you were going reskim the walls but not if you want to paint them.