I actually have 2 of these 1099-R's One was a rollover from one rollover IRA to another (switched from one financial institution to another). The other was a contribution from my company to my rollover IRA pension plan. In both cases the money remains in a tax advantaged account (i.e. was not taken out). The code in box 7 in a "G" in both cases.
Yes, you still need to enter the information. There, of course, will be no impact on your taxes because of the rollover (code G). The IRS still wants to see the 1099-R entered.