Guys,
I saw this on Slashdot and thought of CAF.
The PLAICE is an open source hardware and software project developing a powerful in-circuit development tool that combines in one device the features of a FLASH Programmer, Memory Emulator, and High Speed Multi-Channel Logic Analyzer. It runs uClinux. The logic analyzer features up to 200MHz sampling rates and up to 32 input channels.
Cheers, Syms.