I can quickly run a test, grep/skim through the trace output and ignore/drill down into detailed minutia that are irrelevant/relevant to the problem being investigated.
I also tend to write my trace statements in an easily parsible format so if I need to I can write another program to analyze what happened and find the problem. Writing a full on program to process log files happens less often than chaining several unix commands to find the needle in the haystack (usually the program happens when I need to thread together several widely separated trace lines).