Freescale Kinetis Design Studio V3.0.0 came out early May this year. One of the new cool features is that it includes the Processor Expert V3.0.0 with an extended New Project Wizard. With this wizard I’m able to create and use Processor Expert projects with IAR Embedded Workbench and Keil MDK :-).
Kinetis Design Studio, Keil MDK and IAR Embedded Workbench
For everyone who wants to combine the power of Eclipse and Processor Expert with the IAR Embedded Workbench IDE, here is how to get them working side by side:
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Are you using IAR tools and you are jealous looking at what others can accomplish with Eclipse? You wish you could use your IAR build tools but taking advantage of Eclipse too?
I do not want to start a religious IDE war here ;-). At least for IAR, there is a way to bring both worlds together: having IAR build and debug tools integrated in Eclipse 
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Using IAR Compiler and Debugger in Eclipse
MCU on Eclipse 