Currently ArcGIS Desktop only has the ability to display one set of coordinates in the status bar. I would like to see the ability to show more than one (i.e. DD and MGRS at the same time).
I realize that this doesn't directly respond to the Idea, but have you looked into the Military Tools for ArcGIS add-in? Military Tools for ArcGIS | ArcGIS for Defense
The Coordinate Conversion tools might be very helpful depending on your workflow.
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