If you ask me, I would say Yes 
When you write select statements and use alias names, always make sure alias names are preceded by the keyword AS. Oherwise you may get results which are unexpected and sometimes difficult to debug.
Consider the following example
use northwind
select employeeid,orderdate,shippeddate,shipcity from orders
Well. You see the correct resultset
Now run this
select employeeid,orderdate,shippeddate shipcity from orders
and see the resultset.Shippeddate's column name becomes shipcity because there is a missing comma after shippeddate that forces shipcity to be alias for shippeddate. If there are tens of columns and if you miss out a comma, it would become tedius to debug if the resultset is sent to the client application
Consider another example
select count(*) from orders
It returns the count as 830
Now what happens by mistake if you omit the keyword from
select count(*) orders
Now it returns count as 1 with alias name orders.
If SQL Server forces you to use AS before alias name, you would get error for the select statements that returns unexpected result in the above example. So I always ask developers to use AS before alias name which certainly makes the statements more readable and easy to debug
Also make sure you read this http://sqlblog.com/blogs/denis_gobo/archive/2007/11/13/3313.aspx