Bob wrote:

Have some decent size holes in my old asphalt driveway.
Perhaps 8" or so deep X a foot or so long.
True holes; not really cracks.

Have never repaired anything like this myself.
Guess what I need is what's called a "cold patch" compound

First of all you need to understand what caused the holes to appear. How wide
are the holes? If you are describing large cracks, up to 2 inches wide, you can
probably get away with filling the crack with fine gravel and topping off with a
couple of inches of asphalt patch material.

Is this "E Z Street" cold patch "stuff" what I want ?

If you don't use it on a high traffic drive, it's probably OK.

Is there a better product available ?
If so, what makes it better ?

I'd get a couple of quotes from reputable local asphalt repair companies. They
will know by looking if you have an underlying problem that needs repair. They
also will be able to use a longer lasting hot mix. If the remaining drive is in
good condition, they can also hot seal the whole thing after repairs. That will
give a consistent appearance and extend the drive life.