A lot of computer security time is wasted on hoaxes, see David Harley's Hoax/Alert text for ideas on how to deal with them.
A lot of hoaxes deal with trying to get you to run an executeable binary on your computer without checking it carefully first. AOL4FREE is one of those hoaxes. Don't fall for it. There is more information about it on CIAC Information Bulletin.
Author: Scott Nolan, (How to send me email)