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Itsbomba is correct. It's all about whether the switch is managed or not. If you want to network administer or remote manage the switch, enable port security, update firmware, configure SNMP, etc, then you would want a managed switch. Simply put, the IP gives the switch a network presence allowing it to be remotely managed with a browser. If all you want to do is share a connection, an unmanaged switch should suffice.
RBryan
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Should also state that a switch is a layer 2 device which does not support IP. The others are hybrid layer2/3 type switches.
by Oddjob on December 9th, 2007