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Kiwi Log Viewer (Mac)Screenshot 

 

Kiwi Log Viewer for Mac OS X is a freeware application that displays text based log files in a tabular format. Only a small section of the file is read from disk at a time which saves memory and allows you to view a file that would be too big to fit in memory. The tail option monitors the specified log file for changes and displays any new data that is added in real time. Features colorization based on sub-string or RegExp matches

Screenshot of Kiwi Log Viewer (Mac)