What I currently (well, over one year already) "misuse" as a kind of session reporter is the "BB Testassistant Expert".
I heard about it in the RST class of Michael Bolton and got me the budget to buy it. Its under 200 EURO, plus one update of 60 EURO last winter.
I just start it in the beginning and let it run. On my test machine it is not intrusive and don't cause any delays or stuff.
Whenever I find something, I bring up a popup where i enter or copy&paste my findings.
Also neat for later follow ups, which are not on charter.
It has some bug tracking integration, currently for TRAC and JIRA.
It can extract Windows event log and one can write a parser to integrate custom application logs.
Also good.. I can capture transition bugs, which are hard to explain with one screenshot or textual description.
After the recording, one can also gather system information and the logs.
All will be saved in a native FBR format file.
I can open the note section and click my entered text. It will jump to that timeframe and I can review it. It also captures, what keystrokes I used and what mouse buttons I clicked.
I can decide to set markers for easier jumping within the movie and also use zoom and edit text bubbles.
The FRB files can be exported to different formats: avi, swf and self-executables.
Very neat. I can sent a small exe to my collegues and he can instantly replay and use the jump menu to go to the important facts.
On a side note: You can also easyly create online tutorials... was wondering if the guys from TestExplorer used something like that for their tutorials. :-)
An investment well spent for me.