There's no tool out there that generates log files it cant itself read. So there's not going to be any "oh gee I have these files being generated and nothing can read them" situation.
However, there is just about near-zero system out there that generates text logs that it can itself read. Text logs are write-only for most logging systems, while all binary logs I know of are read+write.
Stepping back though this entire argument is absurd. Thinking about "whatever will those people do 40 years from now with the tools of today" is fairly braindead once you understand that the quality of the tools will affect their longevity. So if the logging system becomes an actual, factual problem over time, the tools will die off by naturally-artificial selection.