I posted something last week on the CFEclipse mailing list about how best to view the error logs in Eclipse/CFEclipse when something goes wrong. You can view the logs within Eclipse itself by visiting:
Window >> Show View >> Other >> PDE Runtime >> Error Log
But when I looked - I did not have a "PDE Runtime" view! After installed Eclipse 3.3 I still didn't have that view so I decided to do a bit of Googling.
Turns out you can enable/disable that view in the preferences - it has something to do with plug-in development and doesn't appear to be enabled by default.
I added instructions to the CFEclipse wiki to enable this view: Viewing Eclipse Error Logs