I see a program that can read my mind....
This might be harder than I thought. Can you paste onto an icon? If not, I can lauch the application. It has a little status window that I paste an IP address into. When it sees an IP pasted, it starts pinging and displays a little status line like:
IP Address Last Rsp Avg Rsp Time ( of first successful reply)
192.168.1.1 12ms 15ms 02:00:22 
The little button on the end is so I can kill it off. Additional IPs cound be pasted in so you might have 5 or so in the list.