Over the past few days, I’ve been spending time covering what happens now that AOL and Microsoft have settled their dispute. However, one area that I have not covered is what could happen to Mozilla moving forward. With the new agreement, AOL has received a royalty-free license to use Internet Explorer for the next seven years. Since the browser has been sitting at the core of their online service client, it is doubtful that this will change in the future. As a result, AOL is now supporting an open source project which adds little value to its bottom line. The Netscape browser holds very little strategic value for the company moving forward. Considering its enormous debt, AOL Time-Warner might eventually reconsider its investment in the Mozilla project. In its initial iteration, a large part of the development for Mozilla was done by Netscape developers. In fact, the Mozilla browser is distributed under the Netscape Public License, which still ensures that the company has some level of control over what goes on there. While it is an open source, it is one with a clear sponsor. And that sponsor may now rethink its participation. So who will pick up the slack…