Taking a cue from dchud the #code4lib irc channel is now being logged. To view the logs you *must* be logged in to code4lib.org. You can prefix any message you want with: ! and your message *will not* be logged. Try it out. I think this is a reasonable compromise that works well in other online communities with an irc component.
The logging is done by bartleby who is a patched and modified (the ! functionality) version of LogBot. This is a work in progress as always, and a community effort so please share your ideas thoughts about this....and take a look at the shiny XHTML source for your favorite xml parser to chew on.