Is it feasible to integrate bluetooth chip with coldfire as host?

Hi,
  I am currently analysing the MCF 5251 to understand if a bluetooth chip could be integrated with it. Please let me know:
1. Which bluetooth chip can be used for integration? One I know is Infineon's PBA31308.
2. How cost-effective it will  be to integrate a bluetooth chip?
3. Are there any advantages that Coldfire as a host provides when using an integrated bluetooth chip?

Thanks & Regards,
Riya.