I'm sorry, but any registry that lumps together a draft cross, an oldenberg and a saddlebred/friesian/qh/tb...no (I'm not making that up, I saw one on equine.com :P ). Someday, the AW might solidify into something good. But right now, they are all over the map in regards to type and quality. Just another set of initials to tack on your sales ad.
That being said, there are some very nice horses registered AW.