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Googlestats has going for it the fact that it doesnt just track googlebot visits but also other major bots such as slurp, scooter etc.
Googletrax is real easy to implement and for googlebot tracking is probably or you will need. Googletrax is however being expanded for other robots as we speak.
It's horses for course really. Both do the job they are supposed to do. Many won't see a need but they are particularly useful for seo's who want to know if there is still time to tweak a site before googlebot maincrawl (216)comes along.
[edited by: webby2001 at 4:45 pm (utc) on Mar. 5, 2003]