Using minecraft_server.14w27b.jar, the following errors are reported in console:

ERROR StatusLogger Unrecognized format specifier [d]
ERROR StatusLogger Unrecognized conversion specifier [d] starting at position 16 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [thread]
ERROR StatusLogger Unrecognized conversion specifier [thread] starting at position 25 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [level]
ERROR StatusLogger Unrecognized conversion specifier [level] starting at position 35 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [logger]
ERROR StatusLogger Unrecognized conversion specifier [logger] starting at position 47 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [msg]
ERROR StatusLogger Unrecognized conversion specifier [msg] starting at position 54 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [n]
ERROR StatusLogger Unrecognized conversion specifier [n] starting at position 56 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [d]
ERROR StatusLogger Unrecognized conversion specifier [d] starting at position 16 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [thread]
ERROR StatusLogger Unrecognized conversion specifier [thread] starting at position 25 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [level]
ERROR StatusLogger Unrecognized conversion specifier [level] starting at position 35 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [logger]
ERROR StatusLogger Unrecognized conversion specifier [logger] starting at position 47 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [msg]
ERROR StatusLogger Unrecognized conversion specifier [msg] starting at position 54 in conversion pattern.
ERROR StatusLogger Unrecognized format specifier [n]
ERROR StatusLogger Unrecognized conversion specifier [n] starting at position 56 in conversion pattern.

Console output is inoperable, though input seems unaffected, and the server itself still runs. If the gui is used, the "Log and Chat" section is similarly empty. I have reproduced this bug on the following systems:

Debian "Wheezy" on kernel 2.6.32-5-openvz-amd64
using Java SE 1.7.0_06

Debian "Jessie" on kernel 3.11-2-amd64
using OpenJDK 1.7.0_21

Windows 8.1 64-bit
using Java SE 1.7.0_55