FileM
File monitor (Local or Network) + optional backup
FileM is project in [c#]/[.net4.0 Client profile] which allows to see what happens at definite directory or definite files / extensions, also it is able to monitor network directories as SMB. Simple - File Monitor. However FileM is standalone app and does not need admin permissions to stable work.
Full info in "Browse All Files" at the bottom of page in README.txt file.