I tried the new wallet and AVG sent a request to check it out and it came back all clear however when I tried open it up AVG block it. So is there something wrong as the wallet is showing some positive reports. I hope this can be fixed as I want to use the new wallet.
The wallet is fine. It's a heuristic warning from your antivirus because it's a brand new program. You should be able to set the preference in your Antivirus to avoid looking at the folder.
We've submitted a report to the antivirus company so that their program wouldn't give erroneous detections with this product anymore.
But for now, try whitelisting it.