I also had that "problem" and implemented an application for that as well.
It is written in Java so should run on all systems capable of running Java.
We use it to display the status of 2 nagios servers on a large screen seated on a cupboard so that all people in the room can see what is going on
It is fully configurable. Via the command-line, via a configuration file and via a build-in webserver. Number of rows shown, colors, what is put in each line/row, etc.
It looks like this (please note that in both images you'll see one or more webcams below the list of problems):
http://vanheusden.com/java/CoffeeSaint/Screenshot-CoffeeSaint-small.png and http://vanheusden.com/java/CoffeeSaint/screenshot2-cs-9cams-small.png