That's pretty much exactly how AMD implements TrustZone. http://www.anandtech.com/show/6007/amd-2013-apus-to-include-...
"TrustZone enables a single physical processor core to execute code safely and efficiently from both the Normal world and the Secure world. This removes the need for a dedicated security processor core, saving silicon area and power, and allowing high performance security software to run alongside the Normal world operating environment."
I guess since Apple use the ARM ISA, it's still binary compatible with ARM but with a different implementation. AMD uses an x86/ARM hybrid where the ARM part is an off the shelf Cortex-A5 which already contain TrustZone.