yes i have created the application called videorecording and also created following folder
[install-dir]/applications/videorecording
[install-dir]/conf/videorecording
following is the log i am getting.
#Version: 1.0
#Start-Date: 2011-11-03 17:35:55 IST
#Software: Wowza Media Server 3.0.2 build866
#Date: 2011-11-03
#Fields: date time tz x-event x-category x-severity x-status x-ctx x-comment x-vhost x-app x-appinst x-duration s-ip s-port s-uri c-ip c-proto c-referrer c-user-agent c-client-id cs-bytes sc-bytes x-stream-id x-spos cs-stream-bytes sc-stream-bytes x-sname x-sname-query x-file-name x-file-ext x-file-size x-file-length x-suri x-suri-stem x-suri-query cs-uri-stem cs-uri-query
2011-11-03 17:35:56 IST server-start server INFO 200 Wowza Media Server 3 Trial Edition (Expires: Nov 19, 2011) 3.0.2 build866 - - - - 2.156 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Server License Key: SVRT3-XXXXX-XXXXX-XXXXX-XXXXX-pAPKA - - - 2.158 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Maximum Connections: Unlimited - - - 2.158 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Transcoder Streams Available: Transcoder Not Available (win-32) - - - 2.163 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - nDVR Available: Yes - - - 2.163 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - DRM Available: Yes - - - 2.164 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Hardware Available Processors: 2 - - - 2.164 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Hardware Physical Memory: 399MB/2012MB - - - 2.168 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Hardware Swap Space: 638MB/4095MB - - - 2.168 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Max File Descriptor Count: Unlimited - - - 2.171 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - OS Name: Windows 7 - - - 2.172 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - OS Version: 6.1 - - - 2.172 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - OS Architecture: x86 - - - 2.172 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - OS CPU: pentium_pro+mmx pentium_pro pentium+mmx pentium i486 i386 i86 - - - 2.173 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Name: Java HotSpot™ Client VM - - - 2.173 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Vendor: Sun Microsystems Inc. - - - 2.173 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Version: 1.6.0_26 - - - 2.174 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java VM Version: 20.1-b02 - - - 2.174 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Spec Version: 1.6 - - - 2.174 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Home: C:\Program Files (x86)\Java\jre6 - - - 2.174 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Max Heap Size: 742MB - - - 2.175 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Architecture: 32 - - - 2.176 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Encoding[file.encoding]: Cp1252 - - - 2.176 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Args[0]: -Xmx768M - - - 2.177 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Args[1]: -Dcom.sun.management.jmxremote=true - - - 2.177 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Args[2]: -Dcom.wowza.wms.runmode=standalone - - - 2.178 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Args[3]: -Dcom.wowza.wms.native.base=win - - - 2.179 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java Args[4]: -Dcom.wowza.wms.ConfigURL= - - - 2.179 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java GC[0]: Copy - - - 2.18 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Java GC[1]: MarkSweepCompact - - - 2.181 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Server runmode: standalone - - - 2.181 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Server native.platform: win - - - 2.182 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:35:56 IST comment server INFO 200 - Server threads[h/t]: 10/10 - - - 2.182 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:36:01 IST comment server INFO 200 - CMDInterface now listening: [any]:8083 - - - 7.06 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:36:03 IST vhost-start vhost INFO 200 defaultVHost - - - - 8.422 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:36:03 IST comment server INFO 200 - defaultVHost threads[h/t]:120/80 home:C:/Program Files (x86)/Wowza Media Systems/Wowza Media Server 3.0.2 - - - 8.464 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:36:03 IST comment vhost INFO 200 defaultVHost Bind attempt ([any]:1935:4) - - - 8.467 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:36:03 IST comment vhost INFO 200 defaultVHost Bind successful ([any]:1935) - - - 8.472 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:36:03 IST comment vhost INFO 200 defaultVHost Bind attempt ([any]:8086:1) - - - 8.474 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:36:03 IST comment vhost INFO 200 defaultVHost Bind successful ([any]:8086) - - - 8.476 - - - - - - - - - - - - - - - - - - - - - - - - -
2011-11-03 17:36:03 IST comment server INFO 200 - Wowza Media Server is started! - - - 8.49 - - - - - - - - - - - - - - - - - - - - - - - - -