There is a patch for the multiplayer game at http://home.centurytel.net/khb/aa that is needed to play Hasbro’s A&A with the latest versions of DirectX.
http://www.axisandalliesworldclub.com is a site devoted to playing the Hasbro version online–you can find information on getting it to work as all, as well as find online games, there–check the message boards at that site.