I myself uses DHCP on my home network... pretty small, only like 4 pcs, but peeps come over now and then for some lan gaming no need to assign ip to them before hand.
And anyway, if you setup your work group correctly you can look up the ip address using the computer's netbios name. No problem at all.
Another thing about DHCP is that, it will always try to assign the same ip back to the same machine when it comes on, as long as no one else is using it... So if you dont really format your systems often, the IPs doesnt change.
