We never saw a concrete security reason for locking it down. If you are worried about people seeing your IP as you browse, then you need to take other steps because your IP is spread across web server log files all over the Internet and you have no control over who has access to those. I'd suggest using Tor if you find this worrying.
I realise that the IP addresses it shows are not on the order of credit card numbers, and its only the IP addresses at that particular instant (as opposed to historical data or something), but there is a difference between my IP address being logged in server logs and my IP address being visible to anyone who happens to visit a popular website at the same time as I do.
Edit: what I'm saying is, its very easy to keep this information invisible from the open internet. I can see no advantages and only potential problems leaving it open. Given that, it seems like the prudent thing to do is to close it off.