Weird consequences of full transaction logs

Let say that you have an ASP.Net 2.0 web application running on top of MSSQL Server 2005. Guess what happen if you database transaction log get full? Well, you will get a large amount of weird side effects, most of them seeming totally unrelated to the saturation of the transaction log.

Among the problems that I have encountered

For the note, the following SQL question clears your transaction logs
DUMP TRANSACTION mydatabase WITH NO_LOG