While the \'no-log\' build seems to work smoothly with something like
\"c:\\Program Files\\Microsoft Visual Studio 9.0\\Common7\\ide\\VCSExpress\" Project
You have to specify the configuration after the /build option. Also, the log file must already exist, it doesn't create one from scratch. Thus:
copy con > log.txt ^Z // Type Ctrl+Z "c:\Program Files\Microsoft Visual Studio 9.0\Common7\ide\VCSExpress" Project1.csproj /build debug /log log.txt