Thanks to feedback from Jason Lefkowitz of theAnt's Eye View, I can tell you that AOL Journals will work with if you use IE 6 for Windows to create or edit posts. Using IE 6 will give you a built-in WYSIWYG HTML editor which will allow you to both link and have titles. So that's the good news. I thought that the way to get the most out of AOL features was to use its browser (the one based on IE), but I guess AOL 8.0 for Windows must be based on an older version of IE, because it had no WYSIWYG editor. Maybe AOL Journals will work properly in the upcoming AOL 9 for Windows. But the bad news is that yesterday's comments are still very true for Mac users. There is no equivalent of IE 6 for the Mac. The Mac AOL browser is based on Netscape / Gecko. I wonder why AOL would欥t Mac users use AOL Journals, knowing that it won't work properly for them? I suspect they never really thought about it.
By the way, you can read Jason's review of AOL Journals here.