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Yah, definitely a dumper. AQo is a dumper for me in EP this early in a SNG with a raise in front, and about 25% of the time I'm limping with it and that's about it. Check your PT stats and you'll see how much value that hand really has in the long run; I'll bet you're just about even with it after a large hand sample, it doesn't have as much value as most people tend to assign it.
However, in LP with no callers I usually just raise and try to take down the blinds and end the hand right there because of the value I've seen. Just my .02 
Edit: I was typing a cash game post at another site when typing this one, even though I typed SNG, i basically gave you cash game fundamentals for AQo. LOL!!! Looks like I'm the d0nk to my left this time. Sorry about that!!
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