Nobody really asked me but...
For IIS, you could do the same thing for just about free. Use a free tool from MS, the IIS Lockdown Wizard to secure the base IIS install. Use UrlScan, which is part of the IIS Lockdown Wizard, to filter out illegal traffic such as cmd.exe requests.
Next, centralize logging by using EventSave from http://www.heysoft.de/ or a Syslog server. You can get either for free.
You can use Event Report from Heysoft to report any Event Log issues. Its not free - about $100 per NT Domain - not per server.
Make use of the things you should already have. Firewalls - make sure yours is stateful and logs activity. There's a million other criteria that might be important depending on your specific situation. Consider a Linux distro on old PC hardware if you want to save money. http://www.IPCop.org offers a good free firewall based on the 2.4 Linux kernel with support for IPTables (stateful).
IDS - use Snort from http:\\www.snort.org. It's free and will even run on Win32 platforms. If you use IPCop from above, Snort is built right in.
SysAdmins, please don't rush out and buy the latest and greatest security products before investigating the world of free tools that are available.
Explain how you will be building valuable knowledge about the network and its security in the process rather than depending on some magically security genie to make everything better.
By all means get a quote for the expensive software and show your boss how much $$$ you can save by doing it with freely available and highly (and publicly) tested software. I smell a bonus wafting your way.
Jim