Ya that traction control is a funny one sometimes.
Once last year before I got the Intense upgraded PCM, I tried tricking it and all I succeeded in doing was a triple burnout.
Funniest thing I ever experienced. Tires spinning in first gear, then engine cut fuel and timing and it bogged, then it kicked back in and tires started spinning again....did this three times and produced dashed peel marks on the pavement.
Now I simply disconnect the wheel speed sensors for some uninhibited fun.
Only problem is the antilock brakes won't function if you do this.