The drwatson log file is now drwatson.dat. the stuff that's in it is pretty useless unless you have a debugger and are debugging the application that is crashing. Bring up drwatson in the Help command and it will tell you how to change an entry in the registry to keep drwatson from catching the app errors. They will be caught by the default system handler.
You will still have crashes but they will be less annoying.
- AndrweZ