There is also a permissions error when nsd tries to open the pid file. Check the permissions for /usr/local/aolserver/log and if it looks like someone besides nsadmin owns anything in /usr/local/aolserver/log do this:
chown -R nsadmin.web /usr/local/aolserver/log
You may need to do the above as root (i.e. when you run the command you get a permissions error). If so prepend the command with "sudo". Actually, it shouldn't hurt to cut the above to /usr/local/aolserver
As Janine points out, using killall before starting a nsd process by hand (if there should only be one aolservers on the box) is a good idea. Of course, it may be a very bad idea if there are supposed to be multiple aolservers running...
Walter