With aoe you can use old-fashioned disk partitioning. Just run "parted" (or whatever partitioning tool you choose) and allocate storage for partitions as you see fit.
The benefits of doing this are: Easier/simpler to setup than cluster suite, and you can still use all the spindles from your aoe target (for example by creating a large RAID-10 array across all disks).
The downside of partitions is they aren't easy to change. You can add them safely while the storage array is in use, but each host needs to reload the partition table when you're done with changes before the new storage can be used, and that may not happen until you rmmod/modprobe the aoe driver, which you can't do while any partitions are in use, e.g. on mounted file systems. And resizing partitions is tricky because they are allocated on consecutive sectors.
So if you want the flexibility of adding/removing/modifying volumes at any time, it may be worth the trouble to get Cluster Suite running so you can use CLVM. If you just want to carve it up once and forget about it, partitioning the array will be the fastest.