By logs you mean dropbox.com/events? I have noticed they seem to have given that page a lobotomy.
In dropbox, you are using the shortcut.ink, not symlink?
https://www.dropbox.com/help/71/en
Quote:
What are .lnk files?
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Files of type .lnk are Windows shortcut files. These are just pointers in Windows that point to your original files. Dropbox can't follow these links, so you'll need to place the original files into your Dropbox folder in order to sync them.
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As far as symlinks go, I believe I read somewhere but I can't figure out where, that Dropbox cannot tell when files are modified when they are hidden behind a symlink (this is Windows' fault) so it only syncs symlinked files upon startup.