I am running CCS 5.4.0.00091 on Windows XP 32-bit SP3.
Using a Stellaris launchpad EK-LM4F120XL to run programs which output to UART 0, which is connected to the Stellaris Virtual Serial Port (in this case COM17).
Starting with the default settings of 115200 baud, 8 data bits, 1 stop bit, no parity and no flow control hyper terminal would capture output but the CCS Terminal plug-in showed no output. The same problem occured with baud rates of 57600, 38400 and 19200. The baud rate was changed in the application running on the lauchpad and the com port settings.
When the baud rate was finally dropped to 9600 the CCS Terminal plug-in started capturing output.
Given that hyper terminal captured output at all the baud rates tried, but the CCS Terminal plug-in only worked at 9600 baud, suggests a problem in CCS rather than the Stellaris launch pad.