it still displays online/offline, its the little ball that turns green when you're online.
are you wanting something like Facebook where you can change your "status" or add a "what's on your mind" type thing?
We used to have the status online or offline. I propose we have a better type of status that you could specify the nature of your offliness or your onliness.
offline (went to the gym)
offline (I went to get some pizza)
online (I am also in other sites so I am online but not really)
You know.. can we do it? Maybe we have that already, so many new features.