My wife used to keep tropical fish and I spent some time dealing with grounding issues. What happened in our tank was that a heater started leaking and pretty high voltages -- 90V or so -- were present between the tank and ground. A grounding rod would eliminate the voltage, but I found there was a lot of controversy in the aquariast community as to whether this was a good idea or not. The real fix was to replace the heater. This kind of stray voltage is very common whenever you use electricity around water, hence the GFI outlets in your bathroom (in the US at least).
With the iobridge it's not such a concern because it only operates at 5v, and it's not grounded, so a path to ground is not an issue. However, it's not good for either the components or the fish to have the sensor exposed to water.
Nick