Hmm.. I just checked and I do see logging:

May 13, 2014 1:08:08 PM com.hazelcast.core.LifecycleService
INFO: HazelcastClient[hz.client_0_dev][3.2.1] is SHUTDOWN
May 13, 2014 1:08:08 PM com.hazelcast.nio.ReadHandler

Even freakier..  Why don't I see logging but why do i see HazelcastInstanceNotActiveExceptions????