I’m really sure it is. It has detected iTunes.exe, Aim.exe, and my CCleaner setup as a malware. But, when I moved it to chest it stopped. I see other people having the same problem, so it must be a false positive.
I responded to your other post you created 2 minutes before this one, see my reply there, http://forum.avast.com/index.php?topic=56339.msg475515#msg475515.