By using the "persistent=yes" argument one can cause the capture to keep running through a reboot. This is incredibly useful when trying to troubleshoot something that happens before login. This was very, very difficult before without a tap, span port, etc.
I wrote a small article about doing this a few years back, for anyone who is interested: https://nuxx.net/blog/2010/08/17/network-capture-during-boot...
Also, if you'd like to get these in a format that can be read using Wireshark, Microsoft Message Analyzer (mentioned in the original article) can export in .cap format. Or if you want to stick with Microsoft tools just open the ETL in Network Monitor and use it for more traditional frame-oriented capture analysis.