wow, I never thought you can write such programs...
now something is starting!
Great, it will have the playback capability, right?
Now shows us the "graphs" view!
damn, I need to learn how write similar "easy" softwares... I'm a noobie in those things 
Very nice job!
but would be better if in every gauge there will be a little window with digital value? like logworks3, in picture below:
It is pretty easy. If you know some high school level trigonometry and can organize a process loop (series of things you want to do) logically, you are good to go. With a couple years of microcontroller programming under the belt, writing logic loops and conserving system resources is nothing new. Hell, I am almost TOO stingy in writing Windows apps...RAM on the microcontrollers is counted in bytes, on modern PC's it is almost unlimited comparatively.
The text saying "OFF" will display the current value when it is actually running...don't worry! I have used enough loggers that I know what should be included. Once I am all done, I might look into adding some fancy textures. I will have controls in the settings tab to allow users to customize all the colors too.
I have not begun on the graphs portion yet. I am still building the framework for receiving the data, and streamlining the graphics drawing algorithm. A lot of people have older, slower laptops that might not be able to keep up with the drawing rate, so I am making sure that things called stack overflows do not happen. Making a program work is one thing...making it user friendly is quite another (and probably eats 50% or more of the development time).
I also consolidated the EGO gauges into one...you specify the type in the Settings tab. This left room for an OIL TEMPERATURE gauge which I have added since you asked. Oil pressure.....I think I might leave that feature off. At least on the M42, there is no good place to tap in for it for the average enthusiast. A turbo typically requires its own remote pump too, right?
If you want to begin learning Visual Basic, look up a book published by Sams Publishing called Learn Visual basic 2003 in 24 Hours or something. It is where I got my start from.