Not in the current version (4.0.x). We are relooking at this with version 5.0 (due to release mid-year 2015). Now that the log entries are written to the Windows Event log we are planning to implement more of an event-history-like feature in vBackup Client. More news to come early 2015...
We will also look at adding a more intuitive interface for drive/target storage rotation.
Thank you for the feedback. This is what helps us make a better software solution.