Sysinternals has release a new tool several months ago: http://technet.microsoft.com/en-us/sysinternals/dn798348 As I can't found anything about it on the forum, I'm starting a new thread about it. The purpose of System Monitor is to monitor process creation, network connections and change to files through the event viewer.
Yes, same thing for me on a Windows XP SP3 system. On the Sysinternals forums, many feedbacks about bugs and a new release 1.02 is waiting.