Status comments are very similar to notes and are provided if your organization would like to implement additional note streams. For example, you might want to use project notes for low-level details about the project, and use status comments to communicate high-level information to executives. Both notes and status comments can be reported on separately.
If you don't see a Status Comment link in the left-nav of your project, please contact your PPM Pro administrator and ask to have it added to the project category.