Log Smith allows you to connect to SCOM management groups AND windows machines to examine events. You can add several views with different queries and filters and save them all in a file. If you need to use different credentials, you can use the credential manager to manage all your accounts and save them encrypted in your file as well.
One very convenient feature – especially for SCOM management pack authors – is the display of event parameters (replacement strings) of each SCOM and Windows event. This will make authoring of event based rules and monitors much easier.
I will soon post some blog posts showing the features of Royal TS but in the meantime you can check out the review of Log Smith @ addictivetips.com: http://www.addictivetips.com/windows-tips/filter-and-view-windows-and-scom-event-logs-with-log-smith/