It was a long time coming but I finally updated ClearTrace to read SQL Server 2008 trace files. This requires SQL Server 2008 to be installed on the computer where ClearTrace is running. ClearTrace will process traces created in SQL Server 2000, SQL Server 2005 and SQL Server 2008.
This is a companion discussion topic for the original entry at http://billg.sqlteam.com/2009/03/29/cleartrace-updated-to-support-sql-server-2008-trace-files/