After much procrastination, I finally installed an IRC Chatroom. You can connect by selecting it from the menu to the left, or if you're like myself and prefer to use an external chat client the server settings are as follows:
IRC Server: irc.freenode.net Port: 6667
Hope to see you all in the chat room :P
Update: Just added the much requested "Members in Chat" feature. On your left navigation bar, just under Members Online you will see who is currently in the chat room. Just be aware that if a member connects manually through an external client such as mIRC or Konversation, they wont be shown in this list.