"According to this article from news.com:
America Online said late Monday that it plans to revise its user agreement in response to concerns that instant messages sent through the company's service could be monitored. The new policy for AOL Instant Messenger, or AIM, will stress that the company does not eavesdrop on customer's conversations except in unusual circumstances such as a court order, an AOL spokesman said.
Thanks go to AOL on several fronts. First of all, thank you for changing the questionable terms of service. It's honorable of you to acknowledge the concerns your customers have about privacy, and to seek to reassure us."
go read the whole thing ... quite interesting