Most dial up accounts are not static ip #'s and many cable ones aren't either, so that wouldn't work. AOL accounts generate random ip# as well.
For instance trace this IP 80.227.56.46 here.
Now if this was the IP of someone signing would you think it's legit? Especially if the person signing up was also using a hotmail etc. type e-mail address? Maybe the e-mail IP should match the signup IP, most ISPs include e-mail addresses, I know my IP and signup e-mail address could be checked to verify I am not trying to hide behind anonymous IPs and e-mail addresses.