Some point need to take care while creating config xml in Magento.
Always use
<Namesapce_Modulename>
not<NameSpace_ModuleName>
as it will not work when you create object using'namesapce/modulename'
as Magento try to find the class likeNamespace_Modulename_Model_Class
notNameSpace_ModuleName_Model_Class
.In your case either change your Namespace and Moduel name properly or use the below config.xml
<?xml version="1.0" encoding="UTF-8"?> <config> <modules> <Smashingmagazine_Logproductupdate> <version>0.0.1</version> </Smashingmagazine_Logproductupdate> </modules> <global> <events> <catalog_product_save_after> <observers> <smashingmagazine_logproductupdate> <class>smashingmagazine_logproductupdate/observer</class> <method>logUpdate</method> <type>singleton</type> </smashingmagazine_logproductupdate > </observers> </catalog_product_save_after> </events> </global> </config>
and change the folder name accordingly.