Windows Event Viewer Notification

Yes. Set up an alert in Performance Logs And Alerts snap-in. Configure the alert to monitor the EV log and event ID you want to look out for. Set a threshold for it (how many times it will show up before the alert is triggered) and how often it should look in the logs for the event id.
Then on the Action tab, you can set it up to run an external program. You can download a DOS-level SMTP program, and pass all the command-line parameters to the app to send you the e-mail.
You could also createa BAT file that contains a Call to the DOS e-mail app with the parameters already set up. Then in the Alerts tab of the Alert, just call the BAT file.

hope this helps