Interested doesn't necessarily mean you will like everything in the new version. For example, AIM for iPhone has been renamed AIM Free. If you guessed that because there is a free version, there must be a paid version, you would be correct.

AIM Paid is currently rolling through the approval process at Apple, according to AOL. They said it should be available soon.

So, how exactly does AOL plan to support development of its free AIM iPhone app? Yes, you guessed right again. AIM Free is an ad supported version. When viewing AIM Free on your iPhone, a little ad pops up from the bottom of the window for a few seconds and then disappears again.

The location awareness screen in AIMAIM Free does have some pretty cool looking new features like location awareness, and SMS notifications that will be interesting to play with.

When you first start up AIM Free it will ask you if you want to share your location. You can share with your buddies, share with everyone or not share your location at all.