(for the over-15s reading this blog, FTW means “for the win”, and means something/someone is really good, according to my human-subhuman interface, and is popular with teh Kids Online. Never say I don’t try to bridge the generation gap for y’all.)
Try it! (Logging tab of the Monitoring tree thing).
Miscellaneous extra information: Live logging display works with all log types, but historical log queries from the ISA interface work only with MSDE.