actually, its alot easier to do in a FWD car because you can simply apply the e-brake and then put the car in gear and either 1) do a clutch dump and break the front wheels loose or 2) add power to the auto front wheels until they break loose.
I highly recommend a line lock if you have a manual or auto rear wheel drive car... because pressing the brake pedal while doing a burnout is going to heat up your rear rotors and there is a high possibility of brake and rear end bearing damage... all that heat has to go somewhere, and the rotors and bearings in the rear end are the place where all that heat goes.
in the new Camaro, I'm sure that the car will come with traction control, but over riding it shouldn't be too difficult, and then adding a line lock would just lock the front wheels and make for some good ole fashioned smokey burnouts