Folks I came across with the great product by PEmicro, useful for debugging IC boards.
PEmicro's ICD in-circuit debugger software is a powerful tool for debugging code. The user connects from the PC target via one of PEmicro's compatible hardware interfaces. The processor's debug mode is then used to give the user access to all on-chip resources.
For more details please go thru the Link'
Courtesy: www.pemicro.com