I have never had traction on the street but I'm also running true street tires and the best way I learned to deal with it is to feather the throttle to control tire spin. This worked well in the 80's and still does but requires a lot of practice to not completely screw up the launch.
A while back I got to meet Brian Rock at Bakersfield and spent some time chatting with him. Great guy by the way and a lot of knowledge. You are all wondering who Brian Rock is and I had no idea either before I met him, but he has a 65 GTO that I watched pull the wheels and run a 10.06 with drag radials. Here is what he said about drag radials and it makes sense. Drag radials tend to bounce under hard acceleration. The force that plants the tire during acceleration needs to be controlled with good shocks so the tire doesn't bounce back like a basketball. The shocks are set to extend freely and damp the rebound thus keeping the tire on the ground. Another thing he did was lower the front end and remove or modify the upper travel limiters to allow the front suspension to lift more or just have more travel. I suppose the reasoning behind that is to get as much of the weight transfer on the back wheels during suspension travel and without lifting the front wheels. There are no traction aids to the rear suspension! Just heavy duty control arms (no leafs on the GTO). He is running a 200R4 and found that putting taller gears in the rear end as well as playing with different ratios in the tranny made a big difference. The taller rear end gears made the car less violent off the line perhaps by stuffing more of the power in to the converter (lack of a better term) and the result was a better launch. This car is a representation of many years of R&D and at this point it's probably one of the best set up cars around. Pontiac Schmontiac - but anyone who can drive a 4000 lb car to the track, unload the wife and kid, pull into the staging lanes and run damn near a ten flat has my undivided attention.