Based on the reports, the transmission issues may not be related to the launch control system as the failures seem to happen whether or not launch control is engaged. The Camaro SS uses the Tremec 6060 six-speed gearbox – the same transmission fitted to the Dodge Viper, Mustang GT500, Corvette Z06 and other performance cars – so this is likely a manufacturing issue with a batch of gearboxes.
Dennison told Autoblog that an engineering meeting is being held this evening to identify the cause and establish a timing for the fix – and a recall seems likely. In the meantime, if you have a manual model Camaro SS, you might want to go easy on the launches for now – and if you have one ordered, you'll have to wait a bit longer. Autoblog