This situation (single engine failure at V1) is something that commercial pilots are certified in at every recurrent certification since it’s one of the most difficult you can be in. The crew now need to climb and go around for a landing on one engine while simultaneously running through the engine failure (and also likely fire) checklist. I don’t know if a double engine failure at V1 on a fully loaded 3 engine aircraft is technically survivable or if it’s something that’s trained on. They were put in an incredibly difficult situation just based on what reports we’ve already seen.
The plane was two engines out and a main fuel tank on fire, fully laden with a full fuel load. No amount of training or improvisation was going to fix that.
If anything it's lucky/professional they crashed into an industrial park and didn't have time for a go around. It would have been an even bigger disaster if they'd crashed into the town centre or a residential area.
Not on the MD-11, anyway.