Scott Oseychik [MSFT] has ‘slapped together a bunch of utilities that will parse the transaction logs and extract any useful patterns’. In his own words – “Ugly?  Sure.  Useful?  You bet.  Having used it against many customer issues, I can attest that this actually works, and works quite well.”

“Rough and Tough” guide to identifying patterns in Transaction Logs.

Update: There’s an updated post on how to use Powershell to achieve the same result.

– Thanks, Jinesh.