People who have access to their raw logs can use Awstats, Webtrends or Webalizer etc, to get a better view of their websites visitors statistics. Hopefully who don't have access to the logs, may use the free service from Stat Counter, Shiny Stats etc., But this is something interesting from Google, thats Google Analytics, as usual a free service. So this can be a very good alternative,mainly for people, who blog in blogspot, or Live journal.
About Google Analytics, the installation is very simple & its just the 5 lines of code to add in your page. I have installed it now, may be tomorrow morning (12 hours later), I hope to get access to my reports!!! The reports are grouped for three types of people : Executives, Webmasters and Marketing Officials.
Im waiting for the report. Soon, I will update this with the snopshots. 
Update : Nothing special happened in Google's Analytics report. I don't know how long I have to wait. Its like, they have registered the domain Google-Analytics.com more than 4 months back 
