Introduced in version 4.5, System Profiler now provides a Full Trace Event Log view. This view is not displayed in the 
System Profiler perspective by default, but can be shown using Window->Show View->Other->System Profiler->Full Trace 
Event Log.

Similar to the original Trace Event Log view, the Full Trace Event Log view displays a list of events from your trace 
file, reacts to the selection you've made in the Timeline and allows you to filter its results. The difference is that 
the Full Trace Event Log display the events for the entire event log and allows you to easily scroll through these 
events. The original Trace Event Log restricted you to scrolling through a fixed set of events.

The intention is to eventually merge these two views together into a single log view during a future release.

Feel free to give the Full Trace Event Log view a try when working with System Profiler and let us know what you think.