Yes it is. We had a "shoutbox" on the forum home since the site started in '06, but took it off this past summer to stir up more activity in the forums. For now, we have the "The Never Ending Thread" in "The Corner".
We are creating an all new OTA (see link in my sig) and there IS a stand alone chat room that could be established, but I would want feedback from the community on it (when the time is right) before any chat is added.