It already works in dog, so just a matter of adding an option to alleviate the manual work:
$ dig +short -x 209.216.230.240
news.ycombinator.com.
$ dog PTR 240.230.216.209.in-addr.arpa.
PTR 240.230.216.209.in-addr.arpa. 23h59m44s "news.ycombinator.com."
And yes, I use dig -x quite often.