I've been using XP since forever and had that network icon always in the tray, but for some reason it's really bothering me now. Maybe because I'm using Windows 7 on my other two machines where the networks icon doesn't blink at all.
Please tell me there's a way to switch off the blinking. I don't want to remove it entirely from the tray as I do like to have quick access to network settings via the tray icon.