I have been using this for a while, GoAccess is a wonderful little tool to automate the parsing. Highly recommend to those who prefer the old-school approach towards web analytics.
I started running goaccess on the reverse proxy in front of computer.rip and some other sites just a few weeks ago... it has answered basically every question I've wanted from simple website analytics and it was very fast to set up and very response. Just a great tool all around.