I doubt this can be done but... is it possible to display the path of a shortcut in the status bar when the .lnk file is selected? Similar to IE's "display friendly link"?
No, but if you add the Description field it will show you the link target. You can also put the Description field in the tooltip if you don't want it in the Lister permanently.
Infotip... Excellant idea. Probably better then the status bar.