Hey guys i found a way to this using MS excel in REAL TIME! after a little research (actually 5 hours of research 
fml..) i found a wonderful app called "gobetwino".
It reads the serial port and listens for commands, these commands enable it to open programs, send emails and use sendKeys!!! THE POSSIBILITIES ARE ENDLESS!
anyways back to the project, I modded one of the examples that comes with the software to make it neatly print the sensor readings every 0.5s on a spreadsheet column. Then using the graphing capabilities of excel i was able to make a decent real time graph display. However there is a downside, there is quite a bit of latency between the arduino and the excel sheet so its hard to go above a certain 'resolution' for the data.
I strongly recommend people to check out this software at Gadgets og teknologi | Dansk Tech Blog - Mikmo .
If anyone has any better suggestions than this please let me know!
Thank you everyone for your input 