Not too sure of the utility of this. It's not an easy sentence to remember, because while grammatical, it's nonsense—it would take some effort. So if I'm trying to memorize a static IP, setting up a DNS name is likely to be easier. And also if I'm going to be using this to memorize IPs I'd like the algorithm to be open source.

All that being said, I think it's a neat idea and a cool tool!