Here is an excellent owner's writeup on the VSC/ATRAC system on ice: (It is written by CORANCHER on the Edmunds.com forum)
Last night we got just the right kind of slick snow and ice for experimenting on a very low traction surface, so I went out shortly after midnight on local streets and a couple of big parking lots to see what I could learn. I thought I'd share my experiences here and see how they compare with those of others. First (in case you don't want to read the detail) I thought I'd list the main conclusions I came to:
1. The system is very effective, and doesn't require that the user do anything different in typical situations.
2. Traction is much better (more than twice as good) in 4WD, so if you've got a V6 (with its multimode system) I recommend you switch to 4WD at your first opportunity or just leave it there any time things might get slick.
3. Traction enhancements, especially 4WD and traction control, don't change the ultimate adhesion limits for turning and braking. Those limits on the "friction circle" remain, so technology can actually allow you to get to hazardous speeds easier/quicker than before.
And now more detail on my experiences and some speculation on the hows and whys. First, I should note that I was alone in the vehicle with no cargo, so the rear end was light. I've got a V6 so I experimented in both 2WD and 4WD modes. I was running in just a couple of inches of snow near the freezing point, and the snow would pack immediately into ice when driven on (or especially when spun on) so conditions were very slick but not what I would call extremely slick.
I started out in 2WD. Even on level streets or slight slopes it was easy to get traction control (TC) and skid control (SC) working, whether accelerating from a stop or just speeding up, and whether going straight or turning. The main clue that the system is working is the noise from the pump recharging the pressure accumulator (sounds like a chattering sound or the sound of a chain slipping on loose sprockets) and the light in the instrument cluster. The pump noise often persists for a few seconds after the system has stopped acting. Other clues are the dull thunks coming from the brakes stopping or starting wheel rotation and the feel of the system doing something unusual like braking only one side to straighten you out. If you pay attention you can also feel the dethrottling.
In general I don't think traction was very good in 2WD with no weight in back. I think the Bridgestone Duelers are ok in these conditions; no better and no worse. Most folks aren