iChat works beautifully for video chatting, but although it also uses the AIM protocol, I don't remember if you can use iChat to video-chat with someone who isn't also using iChat. Skype is also a good program for text/audio/video chatting. As far as I know, there are no good MSN clients that support video yet.
Also, I'm assuming you mean you're "using" AIM, not pursuing legal action against AOL. :P
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