Hi Ken,
No, a comment can't evaluate a formula. However a simple VBA event macro can accomplish the same thing. For example, the code
Private Sub Worksheet_SelectionChange(ByVal Target As Range)
If Target.Address = "$B$4" Then
Target.Comment.Shape.TextFrame.Characters.Text = [c4].Text
End If
End Sub
will update the comment in cell B4 to contain whatever is displayed in cell C4 whenever cell B4 is selected (it must be selected--not just a mouseover). In addition, the cell B4 must already contain a comment since this code just modifies the existing comment.
This code must be inserted in the worksheet's event code module. To do this, right-click on the worksheet's tab, select View Code, and insert the code in the code pane.
Damon