Excellent, and I am going to try it. But I still think using something like Flume has some advantages mainly because of Hadoop eco-system. For instance you can plug-in the log data to HBase and use Hive to write to high level abstracted queries and run on Hadoop. I am guessing but seems like there are plugins on the way for various systems but not Hadoop.
Update:
Also Flume can use any data stream, for instance Twitter stream so not limited to log Analysis only.