No you don't have to unless you find a nick which is already NOT registered and you wish to register it yourself. By registering it yourself it obviously has the same effect for anyone trying to use the nick you have registered as to what happens to you when using Saruman, due to this being registered already by another user. If you use a nick and it is not registered you can continue to use it as is, but don't be suprised if one day you log in and it comes up registered because someone else has got there first
To register your nickname in the chat room please type the following command changing the variables (words begining with a $ symbol as suits) including the begining / < slash.
/msg nickserv register $YOURPASSWORD $YOUREMAILADDRESS
You should then get a postBody from 'Nickserv' confirming the registration including information on your new memoserv box or an error postBody letting you know what was missing / you did wrong.