I keep loosing communication with the target processor, when using msp430-gdbproxy and a FET tool. Is mspgcc buggy?

No doubt there are bugs in mspgcc, but don't blame all your FET tools problems on them! People seem to have various problems with FET tools, for a variety of reasons.

You may notice that none of these issues is specific to mspgcc. They tend to affect users of any of the MSP430 tools, under Windows, Linux or BSD.