I've taken my bone stock '00 to the strip once. Compared to my previous bike ('97 ZX9R), it's a piece of cake to launch. I ran normal (~36psi) air pressure and did ferocious rolling burnouts (mainly trying to justify a rapid purchase of Michelin Pilots). I loaded the driveline by holding the front brake and launched around 4000-5000rpm by releasing the brake and clutch while slowly rolling in the throttle.
You should ride it on the street for awhile to heat the tire up and then stop somewhere to practice launching. When I did this I bogged it the first few times, but I didn't waste track time figuring out that it needs a little rpm to launch. It's fairly nose heavy, so if it lofts the front end under power toward the top of first gear, it's pretty civilized about it.
Good Luck!