Yesterday, I found this cool script \'memcache-top\' which nicely prints out stats of memcached live. It looks like,
memcache-top v0.6 (default port: 1121
For a production systems, you should really set up active monitoring (with downtime alerts, automated restarts etc.) of Memcache using something like Monit. Here is an example config: Monitoring Memcache with Monit