server (publicly available, and not firewalled from the connecting host at all):
Sun Jun 25 15:52:14 2006 OpenVPN 2.0 i386-pc-linux [SSL] [LZO] [EPOLL] built on Apr  6 2006
Sun Jun 25 15:52:14 2006 IMPORTANT: OpenVPN's default port number is now 1194, based on an official port number assignment by IANA.  OpenVPN 2.0-beta16 and earlier used 5000 as the default port.
Sun Jun 25 15:52:14 2006 WARNING: --keepalive option is missing from server config
Sun Jun 25 15:52:14 2006 TUN/TAP device tap0 opened
Sun Jun 25 15:52:14 2006 /sbin/ifconfig tap0 10.8.0.1 netmask 255.255.255.0 mtu 1500 broadcast 10.8.0.255
Sun Jun 25 15:52:14 2006 UDPv4 link local (bound): [undef]:1194
Sun Jun 25 15:52:14 2006 UDPv4 link remote: [undef]
Sun Jun 25 15:52:14 2006 Initialization Sequence Completed
Sun Jun 25 15:52:15 2006 x.x.x.x:25597 Re-using SSL/TLS context
Sun Jun 25 15:53:15 2006 x.x.x.x:25597 TLS Error: TLS key negotiation failed to occur within 60 seconds (check your network connectivity)
Sun Jun 25 15:53:15 2006 x.x.x.x:25597 TLS Error: TLS handshake failed
.. restart
Sun Jun 25 15:53:17 2006 x.x.x.x:25604 Re-using SSL/TLS context

client (is behind NAT):
Sun Jun 25 15:52:15 2006 OpenVPN 2.0.6 i486-pc-linux-gnu [SSL] [LZO] [EPOLL] built on May 27 2006
Sun Jun 25 15:52:15 2006 IMPORTANT: OpenVPN's default port number is now 1194, based on an official port number assignment by IANA.  OpenVPN 2.0-beta16 and earlier used 5000 as the default port.
Sun Jun 25 15:52:15 2006 WARNING: No server certificate verification method has been enabled.  See http://openvpn.net/howto.html#mitm for more info.
Sun Jun 25 15:52:15 2006 UDPv4 link local: [undef]
Sun Jun 25 15:52:15 2006 UDPv4 link remote: x.x.x.x:1194
Sun Jun 25 15:53:15 2006 TLS Error: TLS key negotiation failed to occur within 60 seconds (check your network connectivity)
Sun Jun 25 15:53:15 2006 TLS Error: TLS handshake failed
.. restart
Sun Jun 25 15:53:15 2006 SIGUSR1[soft,tls-error] received, process restarting