Yeah. In RWD performance cars like this, or my CTS-V, it's very hard to actually get the power down to the ground in lower gears, because there is a lot of power and torque available at all RPM. The issue with getting a sub-4 second 0-60 time is not the car or the power, it's just traction, and to a lesser extent external conditions like elevation. The Vettes have sensors on the rear end that detect wheelspin and talk to the ECU, so what launch control is actually doing is just reducing the power going to the rear wheels until they are gripping well, at which point it increases power again.
Under ideal conditions, sea level, warm day, tires warmed up, sticky surface etc it should be possible to hit 4 seconds or quicker on stock tires using launch control but it does come down to having the traction to do it. In less than ideal conditions, it's not going to happen.
The important thing to remember is that 0-60 is a measurement of traction, not performance. Don't use it as a yardstick for performance, because it is 100% entirely dependent on traction. That's why AWD cars always have better 0-60 times. Not because they're faster, but because they have better traction. This, specifically, is the reason Car & Driver has a 5-60 test, to eliminate the traction variable. Examples:
Car & Driver tested the Nismo GT-R:
0-60: 2.9 seconds
5-60: 3.9 seconds
And the Z06:
0-60: 3.0 seconds
5-60: 3.2 seconds
That right there is what traction does for 0-60 times. The 5-60 test is a rolling start from idle and that's a much more accurate test of how fast the car actually is since the times are not being artificially lowered by AWD and launch control. When you take the GT-R's insane launching ability out of the equation, the 5-60 test shows it to be much slower than the Z06. Also:
0-60 times are total bullshit
The bottom line is don't worry about 0-60 times. They're never going to be as good as cars that have traction from a stop, and a mid-4 second 0-60 time doesn't mean your Vette is slower than GM claims it is. It just means you don't have the same perfect traction conditions to test in.