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FileM is project in [c#]/[.net4.0 Client profile] which allows to see what happens at definite directory or definite files / extensions, also it is able to monitor network directories as SMB. Simple - File Monitor. However FileM is standalone app and does not need admin permissions to stable work.
Full info in "Browse All Files" at the bottom of page in README.txt file.
If You have any questions or suggestions mailme: turbokoma@gmail.com