Is Apache rotatelogs efficienct for real world use?

[Bahman M.]

Hi all,

Is Apache rotatelogs suitable for handling large volumes of
access logs, i.e. around 50K requests per hour at _peak_ time which is
1.2M requests per day.  According to Apache website
(http://httpd.apache.org/docs/1.3/logs.html#rotation) this becomes
about 120MB in size per day.

Does somebody have similar experience with rotatelogs?  Would you
direct me to the proper tool in case it's not efficient enough ?

TIA,

Bahman