Bob Ward announced in his PASS pre-conference session that Microsoft will be releasing a SQL Server 2005 version of Read80Trace in roughly 30 days. It's currently going through a security review. They're planning to call it ReadTrace instead of Read90Trace though. I don't know what this will do to my plans for more work on ClearTrace. I'll have to wait and see exactly what they release.
This is a companion discussion topic for the original entry at http://billg.sqlteam.com/2007/09/23/read90trace-coming-soon/