[exelius]

This was true before Splunk. If you logged too much, your logs could start to outstrip the assumptions behind your log rotations and cause trouble. Now the common wisdom is to just log everything so you can Splunk it later if you have a problem. Verbose logging + Splunk have made production incident identification so much easier than it used to be.

Splunk DOES charge by the GB, but it's not very expensive in the long run.