Mine does that too. It launches like cow dung at the track and when you try and brake stand it, it will pull power from the engineonly spin the tires to 3mph and that's it. Nothing like this video from youtube
http://www.youtube.com/watch?v=QRebMoxh04s
I think it has something to do with the way traction control is linked to the braking system and the TCM in the trans. Possibly why some with worn tires will easily spin and others with good traction will put more strain on the transmission causing the input and output shaft speeds to vary causing the limited engine power to reduce the engine output. Same thing with the brakes being held it sees more strain on the transmission and cuts power.
The Titan guys do a "burn out mod" to their trucks which essentially keeps the computer from knowing the brakes are on allowing them full power brake stand burnouts and launching at the track in the stall of their torque converter for better 60ft times and lower E.T.'s at the track.
I've yet to try this on our car, but that video looks like they did it to theirs because it looks like a brake stand, but with no brake lights on makes me wonder