What are you using for your wheel speeds? Lug studs, pinion sensor, etc? I'm assuming you made sure your front and rear wheel speeds match? I did the math for circumference as a start, then put the two speeds on the dashboard to dial them in to match. If you are running ET streets, you probably aren't going to get enough tire spin quick enough, unless you go out after some rain. Start with a low sensitivity and a very high reaction. You will have to data log to see if its doing anything. If you have an N/A motor you likely won't get quickly changing wheel speed, unless you are on wet pavement. My problem was the standing start when I was autocrossing. As it turns out, I had some really crappy tires, which led me to adding traction control. I have much better tires now so it isn't as much of a problem.
I don't have launch control, but I think you will need to figure that out on your own and decide how hard you want to be on parts. There's no way I'm doing a 3500RPM clutch dump with slicks on my car!