Hello
A CodeWarrior Basic edition will only allow you to program flash and run hardware diagnostic tools.
You will not be able to build or debug any bare board application.
If you are planning to do develop and debug Linux applications (i.e. develop application on top of a Linux kernel running o the HW board) the basic edition is enough as well.
But keep in mind that you will not be able to do any Linux kernel debugging.
CrasyCat