I didn't like analog too much.
I'd much rather see something in between rolling your own and not, that is:
a commandline utility that runs in a terminal that will sort through the logs as they come in, with colored output and statistics, as opposed to web-based solutions. grep'ing through the logs and using tail -f works too, but i'd like to see it better formatted, with a pretty ncurses interface or something. just like htop looks nicer than top
And it'd be handy to have counters of pageviews (even though they don't mean anything), failed requests, intrusions, etc,..
Maybe with pluggable progressbar-like-meters as in htop.