When fighting raid mobs we're often required to joust in and out to avoid aoe's.
Currently use ACT but this requires either a second computer or running in windowed mode. Not sure if it's even possible but i guess you'd be looking at a program that could read the log file and feed the info to an automatically updating window in eq.
If anyone knows whether this would be within the realms of possibility or not would be interested. As if it is, might just have to learn how to do it.
But you do not need windowed mode to use ACT, you can configure a sound to play automatically while you are fullscreen. Just record a sound file shouting "RUN BACK!" and you won't ever miss a single AOE.