Jep, we use it all the time for testing. However, they are all undocumented and will remain that way for some time. Here is an extended Linux cmdline example:

python2.4 -O btlaunchmany.py ../empty --security 0 --display_interval 300 --maxport 7004 --minport 7004 --overlay_log sp7004.log --download_help 0 --torrent_collecting 0 --superpeer 1 --nickname superpeer4

Tribler Greetings, Johan.