Over here in Australia, they're effectively the same thing; many of the autism specialists use Gillberg's AS criteria that allows a delayed development of speech, but it catches up to adequate speech in time.
To those above, it's:
AS: autistic, but can talk adequately as an adult
Autism: autistic, but cannot talk adequately as an adult
According to the DSM-IV-TR: a diagnosis of autistic disorder without an Axis II diagnosis of mental retardation equates to the mythical "HFA":
Autistic disorder/HFA is autism with a verbal impairment that's lifelong, in those with adequate speech there's an inability to initiate and sustain a conversation, and there's a propensity to speak with echolalia and its relatives (repeating phrases over and over again for no apparent "social" reason). There's also a chance of a marked inability of imaginative play an a child (this seems to affect one's social functioning); "HFA" will also fixate on parts of objects, parts of an interest, rather than the whole interest.
AS is severe social impairment, the same as autistic disorder. There's no delay in the acquisition of speech; those with AS can speak adequately, albeit with difficulty in social interaction, as well as inflection, odd voice characteristics, prosody, etcetera. There's also a pursuit of an interest, but it's more "broad" than that of autistic disorder, liking the whole English language compared to liking metaphors.
That's the two schools of thought I'm familiar with (I'm sure there's more).