quick question, I\'ve been looking for a simple logging tool for AS3 projects (I do not want any Flex dependencies) and my impression so far has been that there is no active
MonsterDebugger has more options than it sounds like you're looking for. But it is small and has some very handy features. Including instance inspection, editing properties, calling methods remotely from the air console, and browsing/editing the display tree.
http://monsterdebugger.com/
They made a game so you could learn the debugger, its great.