I would swear by this.
It's the same as the Damage Meter you got with the Cosmos complete, which I loved.
It's pretty small and un-obtrusive but can be enlarged so that all 40 members of a raid are visible, and is VERY flexible. It does DPS, Dmg Done, Healing Done, Healing Taken, Dmg Taken, Hits Taken Per Second, Dmg Taken Per Second, Overheal, Overheal %, Cures Done, Cures Per Sec and Idle time (to name a few...)
You can switch between 4 of the selected modes with a button found on the meter itself for quick use.
Basically, it's kick ass.