it can be done a lot of parameters will be monitored. but OIL Pressure/Temp/Fuel Pressure/EGT will require something similar to that
http://www.innovatemotorsports.com/products/tc_4.php then it can be hooked back to romraider via Serial to USB and you will be able to log your parameters.
I am using the gauges and am logging it as well using RomRaider.