I ve been using it for a while so ill tell you a little about it. ( even though gizmo could tell it better)
Local info-stuff about your computer
Connections-the ips of stuff youre connected to, what port, and the status of the connection ex: closing, listening, established, etc
Net bios- tells you net bios info if net bios is enabled on the machine
NB scanner-file and print sharing
Name scanner- computer name or DNS lookup
Port Scanner- scans for open ports on a machine
Ping-pings a machine
trace- traces the route to a machine
whois- dns look up, dns servers, and administrative contact info
get time- gets the time from a time server
telnet-telnet
hostmonitor-verifies that a host is active
Hope this helps man, if you figure ip-tools out it is a great program