Seems they have changed the payout structure in those. 1st was $27.00 not so long ago, and 27th was like 90 cents. With 2 bucks, one could actually play 2 Fergusons.
So this case becomes more interesting.
The only time it is sane to fold AA preflop is in this situation (especially in bigger buy in MTT's), or in the case of the first hand at the WSOP
where everyone shoves all in to you on the BB with AA. Both cases border insanity.
In this case however, in the cut off seat, you still have 5 more hands to see before the antes and blinds have totally crippled you. Are you going to get a more favorable situation in those 5 hands? Unlikely. There is no guarantee anyone at your table will take pity on you and let you walk. In fact you are the primary target at this point, players will zero in on getting you out of there. You have no real choice here.