Yeah man, it's a live feed of every single event, much like your Rcon tool does. But it covers everything. Team swaps, squad swaps, leaves, joins, all in real time. Here is a small excerpt of this morning.
I'm not sure how it does it, but you should download it, and connect to one of your servers with players, and you will see it in action. Think of it as "Research and Development"
Here is a pic