In order to find out the status of the ntp daemon, there seem to be 2 possibilities: ntpq or ntpstat.
ntpq is by far the one that gives more info, really too much for my liking, I just want to find out if the clock is in sync or not!! so I went for ntpstat. As I mentioned in my previous post, there is no ntpstat in linino, so I had to compile it from scratch. This was easy. I got the ntpstat source code from here and compiled it doing:
../linino/trunk/staging_dir/toolchain-mips_r2_gcc-4.6-linaro_uClibc-0.9.33.2/bin/mips-openwrt-linux-gcc ntpstat.c -o ntpstat