Jeremie Desautels (10/1/2007)

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This problem is caused by the fact that the current user is not authorized to write to the registry in order to register the "c360" event source. This problem normally goes away when you log in as a user who has admin privileges on the web server and therefore is authorized to create the appropriate entries in the registry that Windows needs to recognize the new eventsource.

This is why I previously recommended you try logging in as adminstrator because this will create the entry in the registry and from that point on, the event source will already be known to Windows and the user will not need to write to the registry.