Hi Guys, After a lot of research, and having this problem show up on multiple Windows 7 machines, I found that AIM is conflicting with the Debugger in Windows 7 (or Visual Studio).
You can solve this problem, by renaming the following file:
C:\Program Files\Common Files\microsoft shared\VS7DEBUG\pdm.dll
Once you rename the file, AIM should work as expected. The only issue I ran into, was trying to use the debugger in Visual Studio started causing some problems. Guess its a toss up, which one do you use more?