We, Formula 500 and Star Mazda guys, don't have traction on our cars. To little Torque and HP. I also know the GT, GTS, DP, and FIA cars don't have traction either. F1 uses something similar to traction control, but William BMW and Renault uses something called a Limited Variation Control. It looks almost like a limited slip, but it's small.
SPORTcoupe300
You should stay off the Adam Sandler Movies :D . Limited Slip is better on Cornering, and yeah, trac control should be left for the big LS, in my opinion.