Unfortunately you can't animate the Shell components of WP7/WP8 beyond their default animations. As ProgressIndicator & SystemTray are part of the Shell UI (alongside with ApplicationBar, MessageBox and others) you'll have to settle for the buit-in transitions.
If this really troubles you, you can always recreate the ProgressIndicator exprience with a managed ProgressBar as part of your app's <Frame />
Template.