I left a render going last night on my local machine. Vray 1.5, Max 2009 x64. Here is a portion of the vray log:
[2011/Jan/13|17:22:42] Light cache time interval is (-7.000000, 93.000000)
[2011/Jan/13|17:23:25] Threads completed
[2011/Jan/13|17:23:25] Merging light cache passes.
[2011/Jan/13|17:23:33] Light cache contains 106452 samples.
[2011/Jan/13|17:23:33] Light cache samples collected; compiling lookup tree.
[2011/Jan/13|17:23:33] Prefiltering light cache.
[2011/Jan/13|17:23:36] 1 interpolation maps registered
[2011/Jan/13|17:23:36] Rendering interpolation maps with minRate=-3 and maxRate=-2
[2011/Jan/13|17:23:36] Setting up 4 thread(s)
[2011/Jan/13|17:36:09] Threads completed
[2011/Jan/13|17:36:09] Setting up 4 thread(s)
[2011/Jan/13|18:00:03] Threads completed
[2011/Jan/13|18:00:03] Calling endPass() on irradiance maps
[2011/Jan/13|18:00:04] Calling prePassDone() on irradiance maps
[2011/Jan/13|18:00:06] Image prepass completed.
[2011/Jan/13|18:00:06] Rendering image.
[2011/Jan/13|18:00:06] Setting up 4 thread(s)
[2011/Jan/13|21:11:44] error: [VFBCore::SetRegion] Error writing render region to raw image file.
[RIFile::WTRegion] Error writing channel buffer.
[RIFile::WT3Float] Error writing tag header.
[RIFile::WriteTagHeader] Error writing to stream (33).
[2011/Jan/13|21:11:44] Threads completed
[2011/Jan/13|21:11:44] Calling endFrame().
[2011/Jan/13|21:11:44] Entering endFrame().
[2011/Jan/13|21:11:44] Broadcasting NOTIFY_POST_RENDERFRAME.
[2011/Jan/13|21:11:44] Applying render effects.
[2011/Jan/13|21:11:44] Number of raycasts: 1519524092