Need a auditing and event log management tool, what are your opinons on the best Windows auditing alerts management

I have a Windows 2003 Environment with auditing enabled by Group Policy to log failed login attempts and the deletion and files and folders on all my servers. However this has also been a manually process, I would like to be alerted via e-mail when a failed audit shows up in the Windows event logs.

Would like something inexpensive, but something I manage centrally. What do you guys like to use?
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Joseph DalyConnect With a Mentor Commented:
I know Microsoft Operations Manager does this but that is definitely not an inexpensive product to use. I have heard some good things about splunk which is free but have never tried it myself.
Joseph DalyCommented:
This is a good article on some of the free microsoft downloads available for centrally managing event logs.
jml12906Author Commented:
Thank you for your response... I will look more into splunk thanks again.
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