Note that this is a dual feature, and the second part makes the first part less useful. If we implement some sort of notification that people are online, we'll also need to include a way to disable it and allow people to be invisible. Otherwise it has too much of a "Big Brother" feel.
Honestly, while I did find it interesting to see whether someone was online, I myself chose to be invisible. Honestly, I'm not sure whether that feature makes sense for Daniweb or if it would be nothing more than feature matching to compete with other forums (which I don't think we need to do).