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Can TMS320C2000 experimenters kit be used in real time applications using SIMULINK?

I am new to using TI DSPs. I am programming this (TMS320C2000) kit for Motor control. I have SIMULINK blocks and I generate codes from SIMULINK/MATLAB and use code composerV4 to feed these codes into DSP.

Can I do this just using MATLAB only? Can I have a SIMULINK block diagram with inputs and outputs going in and  out of this target? Can I make some real time change and observe the effect  (instantaneously) in output of this target?

Any suggestions, experiences or comments will be highly appreciated.