Multitail lets you view one or multiple files like the original tail program. The difference is that it creates multiple windows on your console (with ncurses). It can also use colors while displaying the logfiles, for faster recognition of which lines are important and which are not. It supports regular expressions. It has interactive menus for editing given regular expressions and deleting and adding windows.
What's new in Multitail
This version fixes -q/-Q (which automatically create windows by given search-criteria).