Subscriber numbers: Did AOL exaggerate?

Today;s Wall Street journal is running a widely picked up piece that speculates whether the reported loss of 846,000 AOL subscribers reflects previously inflated subscriber numbers. he questions are focused around limited use accounts AOL sold to large companies such as Target, Sears,and JC Penney for discounted resale to their employees, (As I recall, the concept of this program as I heard it was to offer both gatewat appliances and AOL-subs as benefits to staffers at large service companies.)
According to today’s Washington Post, the problems with AOL have depressed the stock price. Top execs publically discount the problems, but AOL-watchjers and analysts say business just isn’t clicking.