Umm.. Maybe I'm stupid here, but I'll risk it. You want to select a word.. Why? To get notified when the queue's reached that point, as in a breakpoint? To what end? The only notification that's even remotely useful, is when it's done, and that's already covered elsewhere, as is the continued tracking of where, in terms of time, bytes and whatnot, you are in the queue at any given point.
Besides, your suggestion would need the status-window up. (well, not really, but let's say, for the sake of argument.
)
"My" way is alot more tidy, there's enough junk on our screens already, I'll wager.