Launch Control

[Weq]

Pretty much, it's just basically an ignition cut... more commonly referred to as a 'two-step' rev-limiter...

Unless you are talking about traction control as well, whereby the answer is no, they are not all the same...

Unless your talking about launch control.

There are two tyes, ignition and fuel cut.

On an NA car, they are the basically the same.
On a FI car, its the difference between 1-3psi off the line, or 10-20psi. Ignition giving the later. But its also the difference between turbo turbo longevity. Being the former, fuel.