should anyone waste their time with this when there is Splunk (and other options) available?
the 1.0 features certainly sound like it's not worth anyone's time, hell it's not even worth the time to read the press release (slurping syslog data, hah!)
I suppose VMware has little choice but to try to diversify, but they should do their customers(myself being one for 14 years now) a favor and not release something that is as weak as this appears to be. I think back to how Splunk has evolved over the years(customer of theirs for 6-7 years now), and I see the long road ahead for VMware, assuming they invest any serious effort in it.
I'd wager VMware gives up on the project within 2 years and scraps it, or perhaps if they are lucky, spins it off or sells it to someone else.