I cant figure it out...

Hover on the 'x Friends Online' link and click on 'My Status' and edit it.

... It eluded me for ages personally ;_;

Is there suppose to be a link or something.? I dont see 'My Status'

Hmm. Well, when you hover on the friends online link, below 'Buddylist | Comments' there should at least be a space to click on where you'd enter your status.

Dont have it...

NVM, found it. Thanks ;D