We're working on version 2.40 right now (which is currently in Alpha testing). This release has a feature where you can specify a name like:
22.214.171.124 Bob Bishop's Router
This will then show up in the history list just as you entered it, but will trace to the IP address you specified. Also, at the top of Ping Plotter, the destination will show as "Bob Bishop's Router". The final destination will still reverse resolve to the 126.96.36.199.vbbn.com address, though.
Save files will also default to be called "Bob Bishop's Router". Below is an example.
Is this what you had in mind?