No, you're not.
Next time AVG detects it, Go to the Virus Vault, Select the Aveyond program files (AVG detects two of them as infected, last I checked), and select the "Send to analysis" option. This is AVG's method of reporting false positives. (Sending an email to support as well probably isn't a bad idea, but technically is not a supported method of reporting false positives.)
To maintain the breakneck pace of this conversation I should really wait until May to reply but WTH - cheers! I'll give that a shot next time I get the urge to try Aveyond.
AVG can have 'extra' security items, like a SpyBot/AdAware function. Often going into AVG's settings you can turn these off, and it may help.