Consider performing a Python has a standard logging module modeled after Apache log4j - the standard logging system for Java. Here we gather additional information about logging in Python in general that is missing from the docs.
LoggingPackage page contains discussions about logging module features.
http://sourceforge.net/projects/log4py/ is another log4j port to Python.
http://packages.python.org/Logbook/ replacement for the standard library’s logging module.
Lithoxyl, rock-solid, action-oriented logging, metrics, and instrumentation framework, built as a Pythonic alternative to the Log4J clones.
Videos and slides
Lightning talk about logging statistics at PyCon 2011, starts at 19:55
Python Logging: Getting the most from it - Julian Orbach SyPy - June 4th, 2010