I also have an AP running out in May, and from what I've read here, you can upgrade to the new AP to take advantage of the Photopass pictures with the new AP. It's what I plan on doing. Assuming you have what was the "regular" AP, you upgrade to Platinum (I think, the names are all confusing to me) and it should be just over $100 rather than the $169 for MM. There's a whole thread about what you're getting with the AP Photopass entitlement, but in a nutshell, it seems that only the person who has the upgraded AP can download pics and while Disney has said that only the pics with the scanned AP band are included, in reality it seems to be everyone in the friends and family. Try to find that thread for current info and people who have actually done it!
Photopass photographers can do regular photos (you posed with the castle, for example), magic shots (like the ones with you holding tink, but tink is added after the photo is taken) and there are occasionally "Animated magic shots" which have some kind of character moving around you, but you're still just a still photo - for instance at SWW they had stormtroopers walking in front of my son and I).