I doubt it. When my 70 year old mother decided she wanted to get a PC and learn how to use it I ended up holding my nose and signing her up with AOL. There was no way I was going to try and deal with the almost constant calls I would have gotten from her had I tried to get her on the standard dial up connection when almost everyone she knows in her age range uses AOL. It would have started with trying to explain why "Go" would not work, why she didn't have a screen name, and lord knows what else as she interacted with her friends and they would try to tell her how to do things. There are a lot of people out there that do not care squat about what the internet is or how it works. That is who AOL is marketed to and I do not see them losing that market anytime soon. That is also why I think they are nuts if they think they can sell $54.00 a month access. I do not see how it fits into their market segment.
People steer to AOL the same reason they steer towards Microsoft. Its rumoured by the baby boomer generation and beyond to be the "easiest" choice to learn. Price in these cases isn't always what drives the market.
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