For anyone who might be interested I received this response from freescale:
Answer to your questions:
Q1. Are there any plans to provide support for real-time trace in the future as I'm sure that I'm not the only one who thinks this would be useful.
>> Sorry we do not have any plan for this.
Q2. Is there another tower board that support full ETM Trace?
>> Yes, for the full ETM trace function, you may turn to K70 tower board.