It is a bit of relief that some insider at an important position like juberti agrees that the current TOS are vague and inappropriate. However, the business/legal aspect of AIM is out of his control; even if he agrees the TOS should be changed, they won't be changed if the higher-up executives think otherwise.
Microsoft had a similar incident with its Passport service. It ended up formally revising and clarifying its TOS. Let's see if AOL is any better than Microsoft.