The biggest issue with most of these "traction control" systems is that they use the ABS to apply braking to the slipping tire, then reduce power through the ECU. The higher performance systems (like the Jeep GC Limited and the Subaru WRX/STi) use brakes on the spiders of the front/rear torque splitter and differentials, THEN they modulate the brakes and limit the engine power.
The former systems responds to any adversity by taking power out of the system, the latter starts by transferring the power to the tires with traction and only reducing power when everything is spinning. The difference is how these two systems feel and perform is night and day.
The better system also doesn't overheat the brakes as easily.