time is expressed in seconds? My computer does about 3 billion things every second. I think milliseconds or preferably microseconds would be much better. Different domains have different needs, though, I'm sure. Also, I'd prefer the log specify the time zone it thinks it's in, rather than just convert to UTC automatically.
pid - yes, knowing the process id is good, but knowing the thread is also useful.
version - outputting this on every single log line is probably overkill. Ditto for host name.