Hi jreyes085,
According to your description you are obviously using CodeWarrior for Microcontrollers v6.0 which in fact supports 8-bit MCUs (HCS08,RS08,HC08) plus ColdFire CFv1 MCUS (Flexis).
The CodeWarrior for CodlFire supports all the rest CF cores (CFv2,CFv3....)
So it doesn't make sense to install CW for ColdFire v7.1.
I'd suggest you consider the installation of CW for MCUs v6.2 + update v6.2.1. this is currently (30-Oct-08) recent release.
Attached are the release notes that describes new features and fixed defects.
Stanish