It can probably be made user-friendly... but that's not my call as I'm not a SmartBear staffer. :-)
As it is, that's the best that is built in right now with automation status.
The other option you have is external to TestComplete. You can use a test management system like QA Complete to track status of automation. You can also use source control systems like mercurial or Team Foundation Server and use the features in there to track what needs work still, etc.
Automated Testing Evangelists
Definition expert - noun - Unknown drip under pressure
I don't actually maintain an excel spreadsheet, but we have wrapped most of our control functions that generate logging information (e.g. Button_click(strDialog, strTab, strControlType, strControlCaption). This can be as detailed or sparse as you need. You can turn this into a real time status monitor if you have the bandwidth to write a small program that does nothing else but read and parse the log files. That's what we ended up doing. We tried using TestComplete's native tools for remote operation and monitoring, but they're still so clunky and difficult that it was actually easier and quicker to write our own system in vb.net, vbscript and powershell.