Is there a way to setup more than 1 chatroom?

not in the current iteration

From what I understand, it is coming in a later upgrade to IP chat at some point. The present IP chat I believe is just a reskinned IPB3 version on 4.X

I am looking forward to this though. Last I heard it was coming later this year, but that was a few months back so things do change.

 

Thanks

It would be nice to have some enhancements to chat, the functionality is still pretty basic.