Srinath says regarding my previous post:

Please check our secure guide, section "Accessing System Resources > Accessing Event Log" at http://msdn.microsoft.com/library/default.asp?url=/library/en-us/dnnetsec/html/SecNetch08.asp?frame=true#accessingsystemresources

Good stuff. Wish I had thought to look here before I commenced head-throttling this morning;)