For long we used Tracking IP basd IPMP wherein we track the availability of a gateway on the network using ICMP Echo request. When the gateway IP fails to respond it is considered link is unavailable and NIC fails over to the standby NIC in the IPMP group.
Adding or editing the IP address on a Solaris 10 server is different from the previous versions of the OS (Solaris 9, Solaris 8 etc).
In the previous versions of the Solaris Operating System, you need to edit the /etc/hosts file and add/edit the entry for the IP address and the hostname.