asterisk users - Jan 2006 - trigger event on asterisk warning/error

I've studied several aspects of asterisk's logging capabilities, and
I'd
like to know if there is any built in functionality that could trigger an
event based on a warning or an error message.  I'm thinking along the lines
of sending an email, or making an outbound call to my cell to TTS the error.

At this point I'm going to parse the logfile at interval to accomplish this,
but perhaps there's a better way to accomplish this?

Thank you,

Jason