Good explanation. Traction control also slows you down by pulsing the brakes. Not good for street racing or spirited runs. LSD is great for this type though. It was made available in 2005.GT! said:I'm sure someone can give a better definition, but here goes ...
T/C works by applying the brakes to the slipping wheel and controlling engine throttle.
A Limited slip diff is (usually) a mechanical system that limits the diffence in rotational speed between the two wheels.
In my experience, LSD helps to improve traction and T/C helps the car to behave better in slippery conditions (but doesn't actually help much with traction).