Taken from the Codeplex site
This tool takes a SQL Profiler trace file and generates a unit test that replays the same sequence of database calls found in the trace file. The unit test is designed to be used in a Visual Studio Load Test. The code generated is easily modifiable so that data variation can be introduced for the purpose of doing performance testing.
The tool generates code for both Visual Studio 2005 and Visual Studio 2008. The source code is a Visual Studio 2005 project.
The tool is still in pre-release stage of development.
I will post back once I have tested it out.