Yes the TR Rack has the same spastic output routing scheme as the Trinity! I sold my Trinity keyboard for a Triton a few months ago but I held on to my TR Rack. The TR Rack has 8MB of extra ROM waveforms (much more drums and a few new pianos/brass/sax etc variations). Some of the older M1 and O1W sounds are also present (pole, tenor sax, M1 piano). The new drum sounds are fantastic!
The Tr Rack is almost non-programmable from the front panel. You require the use of a computer running the supplied sounddiver software to properly program it. Personally, I feel that this sucks. The TR Rack is not expandable in any way except that you can add the same optional ADAT interface as the Trinity's.
The Trinity has a fantastic operating system whilst the TR Rack gets by with a small LCD (basically it's a pain in the arse to use from it's front panel!).
If I was you, I would save my pennies and get a Trinity (with Flash ROM for loading up your own samples). It is a fantastic keyboard and is easy to get around.
If you don't care too much about using a computer to edit/program your own sounds, or you just want to play the factory presets than by all means look at the Tr Rack if you are already happy with your present controller. By the way, the TR Rack only has one location for 16 way multi-timbral set ups- this is crazy!
To be brutally honest, if I didn't love the sounds of the TR Rack so much, I would have sold it long ago!!!!!