I know the odds are against it when it comes time to putting the power down because Ford isn't going to throw the amount of money Ferrari does for R&D on each individual car, but if you look at the newer Ferraris it should be proof that big hp can be put to the ground on normal sized tire accomidated by LC and TC. The 458 at 570hp and a 295 rear tire puts the power down and the 599 with 670hp and a 315 rear puts the power down extraordinarily! How much power is the successor to the 599 gonna have, 700+? Like I said, these are extrmemly expensive cars with a lot of R&D but lets just say SVT got the formula right and got the launch control and traction control right. I think the possibility is there for this car to put the power down.
I suspect it is somewhat easier to accomplish with about 400 lbs less mass to get moving, but I hope you are correct.