Vincent,
In reverse order, all data already travels via serial port. The packet protocol is described in the user guide.
Is it possible to have computer time with the toobox? Possible - yes. But it is not really consistent with the primary mission of the tool, which is to aide in evaluation and debug of sensor fusion algorithms. It also doesn't address the issues of various latencies associated with the different sensors in your system. Or issues such as "GMT or local time?"
You obviously have a specific application in mind. We've provided the tools, the rest is up to you.
Regards,
Mike