I am also very interested in this.

Well, so far the only way I've found to do this is to use the IT Assistant Client interface and manually configure the traps (using the APC MIBs as reference for the generic/specific trap IDs and the event string of course). Considering this is a large pain in the behind, I've only put in a small subset of the possible traps that exist from APC gear (so far about 35ish, and I think I need 56 to get the main ones generated from a UPS with SNMP management card). So . . .it can be done, but it looks like the first time it's done will take . .. . . .some effort. I do plan on exporting all the relevant information out of my SQL database after I finish putting it in via IT Assistant UI.

The only way I have been able to set it up so far, it to set the APC to send traps to the ITAssistant Machine. The ITAssitant will log the SNMP traps under the alerts screen.

Supposily, you can use the APC software and integrate it with OpNNM (http://66.102.7.104/search?q=cache:zQD7CBQocGgJ:www.apc.com/products/management_platform/index.cfm+site:apc.com+nnm&hl=en)
but, I cant seem to find a trial version of that software.

Saunders