HEY HERE IS SOME UPDATE
So I'm tuning my car with eCtune and while I was playing I switched the rev limiter from fuel cut to ignition cut and guess what I got on launch control - some flames and I decided to share a video with you :)
http://www.youtube.com/watch?v=WtwJ7GQ4GUI
When I tune the car well enough I will play with the anti lag which by the way should make some huge flames.