I often use many arguments to console.log() and console.error(), so my solution would be:
var fs = require('fs');
var util = require('util');
var logFile = fs.createWriteStream('log.txt', { flags: 'a' });
// Or 'w' to truncate the file every time the process starts.
var logStdout = process.stdout;
console.log = function () {
logFile.write(util.format.apply(null, arguments) + '\n');
logStdout.write(util.format.apply(null, arguments) + '\n');
}
console.error = console.log;