I am running Megasquirt-n-Spark Extra
the hires code variant actually. The target afr table is a 8x8 table because it really doesn't need to be that big but the spark and fuel tables are 12x12. The stock metro injector is way bigger than the car actually needs so the normal megasquirt n spark didn't idle well, the steps were bigger than it could handle. The hires code is pretty good though the steps are small enough to make it stay right on the target afr. 5500rpm wide open the car is running like 50% duty cycle on the injector so I bet the stock injector could handle a turbo at like 5psi of boost.
http://megasquirt.sourceforge.net/extra/antirev.html has the circuit to build the traction control system. To get the speed into the computer you only have to build the driven wheel circuit and hook it up. I guess building the whole thing and having working traction control would be a good thing but I don't really think I need it. I am not sure of it's accuracy but it should be good enough to do ABA type of testing so that is all I really care about. It can't do average mpg or anything like that so it really isn't going to be a perfect setup but it will be better than nothing.