Still hot here in Pasadena, at the Fortune Brainstorm Tech conference this morning. Tim Armstrong, the CEO of AOL (NYSE: TWX) is on now, and is covering most of the points he did in interviews earlier this week.  I am live tweeting some of the bits here, and some edited/modified highlights below:

»  Tim Armstrong, CEO, AOL: We are trying to bring Silicon Valley type of sensibility to content.

»  More VC investment in content systems than ad systems over time, and we want to do former.

»  Have done 4-5 reviews of Mapquest since I joined. Lotsa work still to do there, around engineering, not strategy.

»  Respect for brand marketers has kicked in for us.

»  Armstrong to AOL Ventures: This is manifest destiny for you: this is the playbox and figure out your future.

»  Relegence and Truveo are big assets for us.