Is it court admissable?
I don't know but I would believe it more than a lying witness.
From having dealt with police in the past when collecting fraud evidence, everything has to be so carefully collated and not touched in any way (from a data analysis point of view).
Well I don't know how the data could be modified; I certainly can't not that I tried. But I am sure there are rooms 20 stories down that could.
I would imagine if your GPS isn't calibrated in some way then it wouldn't be able to be used anyway? In the UK even the police equipment has to be calibrated daily.
A GPS is a whole lot more accurate than a "well it looked like he was doing XX km/hr" witness. Actually, I did the calculations once and they are far more accurate than your average speedometer. The sats each have three Cs beam frequency standards on board and the system is monitored from earth stations.