high availability restores

Hi, I'm trying to figure out how I do a complete restore (in case of disk
failure) using only the last backup and a transaction log (that has recorded
the details of all the transactions since the last backup) Does anyone know
if there is an effort underway to create such a log? After looking through
the existing code that writes the binary transaction status file, it seems
that wouldn't be a tremendous problem to write out another log file that
includes information for all committed updates and inserts. Can anyone give
me any information or at least point me in the right direction?

Regards
philip