This is way off. AOL does not have half the eyes of the internet. Although they do have the ability to flood them with advertisements this will hurt them through subscriber attrition eventually.
Dell is in a totally different situation. The cost of entrance into their industry is huge. AOL is trying to compete on the internet where the startup costs are miniscule. Every major city has an ISP, every Telco is ramping up, microsoft has one and is covering it's bases with both cable and xDSL technology. I believe even Compaq has started one.
Aol has not shown anyone then can make significant money, but they did show everyone there is some value to controlling the eyeballs.