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Does this Community Edition toolkit include armcc, ARM's excellent (but expensive) optimizing compiler?

I don't understand why ARM charges thousands of dollars per seat for their compiler. gcc generates crappy ARM code. Doesn't ARM want all developers to be able to build fast ARM applications? Why doesn't ARM just contribute their compiler expertise to improving gcc rather than developing a complete toolchain?

Doesn't ARM want all developers to be able to build fast ARM applications?

No. Arm wants to make money, ideally off of the ARM architecture and related stuff. If they can make more money by selling their compiler, they'll do it.

But how much money does ARM really make selling (perhaps only a few hundred?) compiler licenses? Compare that revenue to strengthening the ARM platform's position compared to competing embedded architectures?

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