console.txt

$ cat test.proj 
<?xml version="1.0" encoding="utf-8"?>
<Project DefaultTargets="Build" ToolsVersion="4.0" xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
	<Target Name="A">
		<Error Text="A" />
	</Target>
	<Target Name="B" DependsOnTargets="A" Condition="false">
		<Warning Text="B" />
	</Target>
	<Target Name="Build" DependsOnTargets="B">
		<Warning Text="Build" />
	</Target>
</Project>

$ $ msbuild test.proj /v:quiet /nologo
/Users/rolf/test/test.proj(10,3): warning : Build