I've created a dedicated page for my DTLoggedExec tool.
By the end of the month (June) i'll put online the full source code. The code and the application are licensed under Creative Commons Attribution-NonCommercial-NoDerivs 2.5 Italy License.
The "NoDerives" licensing limitation just means that if you want to contribute to the project you have to join codeplex and/or contact me so that I can add you to official authors list.
The "NonCommercial" licensing limitation just means that you cannot take the code and the executable and sell it. Of course, if you want to use it in your production eviroment, that's fine.