yes. There are two ways to view this. One, is go to documents, then iChats if its already enabled. or you can go ichat, preferences, messages, and at the bottom, if the last box is checked (on tiger) click show folder to the left. If not, check it and it will start recording. Those transcipts have come in usefull for me in the past. And spotlight made it alot easier for me to check them.