Feature Request - Logkeys log to text utility

[GoogleCodeExporter]

I like having logkeys provide me will all possible information, such as <Tab>, 
<BckSp>, etc., but sometimes I want to take this text and view it as the final 
text after things like backspaces are applied. It would be nice for logkeys to 
have some sort of option that would convert a logkeys log to readable text. For 
example, something like this

helll<BckSp>o

could be converted to

hello

by doing

logkeys --convert logfile outfile

Original issue reported on code.google.com by gsingh2...@gmail.com on 13 Mar 2013 at 7:47