can be a challenge :evil: . Since the ETM signals TRACECLK, PIPESTAT0 and PIPESTAT1 are used for the LCD control signals.
I cut the E, RS and R/W wire to the LCD and connected RS and E to the EXT connector signals P0.15 and P0.16 instead and hard wired the R/W to ground.
Now i am happily debugging my LCD Driver code 
Dan the man