Personally, I use the python logging module which we have setup to read it's options from a config file. http://docs.python.org/library/logging.html http://docs.python.org/library/configparser.html
The logging module allows you to send your logs to files, standard out (usually httpserver.log for wsgi), syslog for *nix systems, email, Windows Log??, etc.. If you using configparser, I believe you are able to change the logging settings on the fly and have then redirect wherever you need.
