Actually, it's really easy to create. Take the XFG or FXO (I have not tried the other FWD) and make the rear dirt sloppy and the front crazy stiff and you will get power oversteer. Check it out on the autocross/skidpad, very amusing.
Don't get me wrong, I'm not saying the physics is wrong in this game and taking this "opportunity" away for FF-cars would make them less fun to drive. I'm just saying that I don't believe it's realistic since to my knowledge this setup technique has never been used, and even if it has it has not "prevailed" among FF-racing teams. Also I have to say that it's bugs the hell out of me to drive the complete opposite way than compared to my track-day Civic IRL. I believe everyone who has done FF-racing IRL has been fighting to learn the same racing technique, which is to counter understeer with keeping the weight on the front wheels (engine breaking and normal breaking) and in the case of ass breaking out, shifting weight to rear (give slight/mild gas). With this kind of power oversteer it's the complete opposite technique, and to make it even more odd, this set-up and racing technique is by far the quickest in LFS.
Would be great if someone with more FF racing/suspension knowledge could shed some light on this.