We had this idea to overhaul the logging functionality so that it's in a manager just like most of the other functionality. I just finished this up tonight. I'm tossing around other arguments you would want to pass on the command line--haven't gotten there yet.
The next big issues:
move the ticker to its manager
figure out if command parsing needs some attention in terms of unescaping characters
write help files for lyntin and tintin eval modes
uncouple hooks from hooks.py so module writers can write their own hooks
build a setup.py for distutils installation