I've got some friends who's statuses are set as 'hidden', but I think it would be nice if you get the option to choose to be 'hidden' for everyone or for everyone except those that you have accepted a friend request of. Or maybe even only those you have marked as your 'favorite' friend.
I really like the idea of the 'favourite friend' option. I probably would just leave mine as unhidden, but I have a few friends that would probably like this. :)

I like this idea as well. :D
More options is always good!
This is already part of the open suggestion located here. As such, I'll be locking this thread. Feel free to add your opinion to the other thread. :)