Hi,
I did some quick ftrace tests using the linaro-vexpress 2.6.35-1010.17 kernel on an ARM-Versatile Express CA9x4 board. It seems to work pretty good. I noticed only one issue with the wakeup latency tracer where /sys/kernel/debug/tracing/trace doesn't show any real information but the /sys/kernel/debug/tracing/trace_pipe does. The details can be found at: https://wiki.linaro.org/KenWerner/Sandbox/ftrace
Regards Ken