This won't help you at the moment but may be of interest to people on SQL Server 2008. On SQL Server 2008 XEvents can be used to log all error details (including statement text) to a central location.
IF EXISTS(SELECT * FROM sys.server_event_sessions WHERE name='ErrorLogger')
DROP EVENT SESSION [ErrorLogger] ON SERVER;
CREATE EVENT SESSION [ErrorLogger]
ON SERVER
ADD EVENT sqlserver.error_reported(
ACTION (sqlserver.sql_text)
WHERE (([severity]>(10))))
ADD TARGET package0.asynchronous_file_target(
SET filename='c:\temp\error_logger.xel', metadatafile='c:\temp\error_logger.xem')
WITH (MAX_MEMORY = 4096KB, EVENT_RETENTION_MODE = ALLOW_SINGLE_EVENT_LOSS,
MAX_DISPATCH_LATENCY = 30 SECONDS, MAX_EVENT_SIZE = 0KB,
MEMORY_PARTITION_MODE = NONE, TRACK_CAUSALITY = OFF, STARTUP_STATE = ON)
ALTER EVENT SESSION [ErrorLogger] ON SERVER STATE = START
And to review the errors
SELECT CONVERT (XML, event_data) AS data
FROM sys.fn_xe_file_target_read_file ('C:\Temp\error_logger*.xel', 'C:\Temp\error_logger*.xem', NULL, NULL)