(context post by Sabunir)

So that transaction will eventually read “1000 blocks” or more? Is this information important?

Yes it will.

Importance is relative. You can use the number of blocks to calculate some statistics. Also, if you press ctrl+[numpad+], you will see the serial number and hash of the blocks. (At least on windows).

Where it says ”# blocks” in the status column I’m changing it to say ”# confirmations”.  That might be clearer.

If you doubleclick on the transaction you get a little more information.