That sounds great. I did a shallow review at best, but went for netsaint. So far it looks pretty good. I would love to collaborate on this project. I have started instrumenting our development server and should have a production system up early next week.
My only complaint is that in only does warnings, it doesn't actually collect data, so I am thinking about using another mechanism in parallel to monitor and log various bits. (Cricket or MRTG perhaps)
Cheers,