Yes, Microsoft provide a Windows 2003 Resource Kit which has a DOS like command similar to the *nix tail.

Here is a brief of the "tail" command, is available after you have installed the kit.  Click here to download the resource kit or visit here and search for "Windows Server 2003 Resource Kit Tools" if the first options were unavailable.

At CMD or command prompt type the following:

tail /?

usage: TAIL [switches] [filename]*
   switches: [-?] display this message
                  [-n] display last n lines of each file (default 10)
                  [-f filename] keep checking filename for new lines