ABS + Trac error light is a common plague among 850s. My just got bitten two wks ago, same exact symptoms, and after checking around the conclusion is as follows:
1) no big deal when both lights are on, basically it means you have traditional brakes, no ABS.
2) cause of the warning lights? possible ABS control unit failure or communications link breakdown between the module and the ABS pumps. Either case, it would cost up to $600 to fix it, but the dealer suggested resetting the error codes and see if the problem goes away. Actually, before the car went to the dealer the warning lights had gone away by itself after being on for two wks.
This appears to be another 850 bug along side squeeking dashboards, rattling seats, sticky power window switches, and premature battery deaths. Time will tell how many more bugs will surface.
This is really unfortunate for a car that only has 45,000 miles.