This is a nice utility I am experimenting with:
Kudos to Khalid for finding this!
Watching log files
Multitail is a nice utility to watch multiple log files at once. It also can color the output.
I usually use the command like this:
multitail -s 2 /var/log/apache2/site01_access.log /var/log/apache2/site02_access.log
http://www.vanheusden.com/multitail/index.php