I used to rent a place with a steep driveway, that let out to a city street. I had an '88 Bronco at the time, part time 4wd, C6 transmission, snow tires on all four wheels. I was too lazy to run the snow blower, and it was safe enough to risk sliding into the street. By a good margin the most controllable way to get down that hill when it was icy was 4wd, and the transmission in neutral. I could creep that truck down the hill when it was too slippery to walk on.
ABS and traction control are awesome on intermittent problems on the highway. They will react to patchy ice spots on a road way better than any person could. In my current truck, Nissan, the traction control works great even in 4WD. The ABS works pretty well, too. But in snow, threshold breaking is usually more effective, and you can do that with the ABS engaged. At slow speed, with the front/rear diff locked, that's pretty easy to do. In deep snow, locking them up can be the quickest way, because as you slide you're kind of 'plowing' the snow with the tires.
In light snow, or patchy snow on mostly clear roads, I run in 2wd. Much easier on the drivetrain, and it works just fine.