Thanks for the response,
Notepad++ is MUCH better than Note/Wordpad so that's very helpful but it still leaves displays the file as raw text. I was looking for something more along the lines of a Wireshark type tool that would be able to do a better job of "parsing/decode" the log file than just reading the raw text. There's a lot of data in that file that isn't really human readable so my thought was there might be a tool out there that can show me more info than what I can see as raw text.
There isn't anything that I know of open to the public to do.. it is tedious work trying to decipher line by line the log files.. If anything, you can have Wavelink support, if there is an issue, help look through those logs and decipher them along with you.
Personnaly, when i log from a device with netlog or vxsniffer, i prefer reas the log with ultraEdit Editor
smstrace the old version that I still use http://www.microsoft.com/en-us/download/details.aspx?id=18153
Both Free and can read live logs will give higligth for errors and warnings