Matt -
Thanks for the info. Do you know of any logging server out there that can collect these logs with any efficiency? I know the Java app is clunky, but I didn't find anything that could collect logs via WMI AND plain text logs from Windows. Its a shame there is no sysloggin facility built into Windows.

Unfortunately, no. I am waiting for the Splunkbase VMware version that uses native VMw APIs. I was led to believe that it was coming some soon, but it is still not here.
-MattG
Matt -
Check out SNARE -> http://www.dailyhypervisor.com/2009/07/02/setting-up-a-splunk-server-to-monitor-a-vmware-environment

The current VMware app in Splunkbase base requires Java on the Splunk server and is clunky. I am anxiously awaiting an updated version that uses VMware native APIs to pull the data.
-MattG