Voxengo's GlissEQ lets you monitor multiple tracks' spectra, plus it's a nice EQ to boot. And really, what's the point of watching pretty spectral pictures if you can't actually modify the spectrum? This would be my first choice. It's currently $85.
I liked the ease of use of MMultiAnalyzer when I demoed it, but it gets pretty CPU-intensive with many tracks displayed. If you've got a hot machine this may not be a factor, though.
I've never demoed the BlueCat analyzer, only because for this tightwad a hundred bucks is too much for a nonessential visual aid. I can do the same thing, albeit less conveniently, with multiple instances of SPAN - for free.