So if you always wanted to try System Center Operation Manager (SCOM) plugin for Managing Windows Azure Application, i think this post would give you a good start. You just need to download a VHD which is already pre-configured for everything you need on this regard.
If you are new to Windows Azure:
If you have already running Windows Azure application:
In this evaluation, users will follow a step-by-step guide to deploy a sample application to Windows Azure and then use System Center Operations Manager to monitor and manage that application.
The following components are included in the Deploying and Managing Windows Azure Applications evaluation:
Visit Announcement: http://technet.microsoft.com/en-us/evalcenter/hh282846.aspx?wt.mc_id=otc-f-corp-jtc-DPU-TEC_97_1_22
Microsoft should provide a way to manage and monitor Windows Azure Instance directly in Portal. It feel stupid to have SCOM to montior a few instances when cloud is all about saving money and everything in cloud.