IOS release 12.3T introduced an interesting concept: static routes that are used only if an object a router is tracking (for example, next-hop router) is available. Named reliable static routing, this feature allows you to constantly ping next-hop router (or any other IP address) and use the static routes only if the tested destination is reachable.

While the reliable static routes are easy to understand and configure, a careless implementation can lead to interesting routing loops or other instability problems. You'll find the needed in-depth design and implementation guidelines in my IP Corner article Small Site Multi-homing (which is one of the prime applications for reliable static routing) in sections Not-so-Very-Static-Routes and End-to-End Connectivity Test.