okay. Go for it. My experience says that a laptop will give you all the processing you can handle, but...
1) ABS sensors at each wheel transmit an analog signal that requires a clocked microprocessor to analyze. Maybe your laptop has a fast enough input, but good luck debugging it if you can't detect wheel slip. Also, what voltage is it at?
2) Your output is also going to be pulsed and the voltage, who knows. Got any equipment?
3) Programming a traction control system, and then testing it. Testing it a lot, and then validating that it actually is improving your experience and not toasting your brake pads.
I seriously suggest a microcontroller for this job. A simple 2 MHz computer is all it takes to detect wheel slip. It has predictable performance as well.