Ryan,
It's not a license issue - it's the path. The trace sketch image must reside in the same directory as the part in order for Creo to open it properly. If it's not in that same directory it shows up as grayed out. Unfortunately, it doesn't store the image file as an integral piece of the part file - just looks at it as a linked item. Not sure if that will change in Creo 1.0
Mike Brattoli
Moen Incorporated
Global Brand Development
Engineering Systems Administrator
25300 Al Moen Drive
North Olmsted, OH 44070