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Field-Programmable Gate Arrays (FPGAs) have lately become a popular target for implementing cryptographic block ciphers, as a well-designed FPGA solution can combine some of the algorithmic flexibility and cost efficiency of an equivalent software implementation with throughputs that are comparable to custom ASIC designs. The recently selected Advanced Encryption Standard (AES) is slowly replacing older ciphers as the building block of choice for secure systems and is well suited to an FPGA implementation. In this paper we explore the design decisions that lead to area/delay tradeoffs in a single-core AES FPGA implementation. This work provides a more thorough description of the defining AES hardware characteristics than is currently available in the research literature, along with implementation results that are pareto optimal in terms of throughput, latency, and area efficiency.