"To inaugurate" is fairly archaic in American English. We say people get inaugurated in political office, or to inaugurate a new policy. I couldn't tell you exactly what the difference is, but I can't remember the last time I heard someone use the word for anything but a new president.
To say something "launched" implies movement, and a certain element of risk. Its usage is metaphoric, as literally speaking only vessels launch. When you "launch" a new software, you are taking it from its safe harbor (the development team) and putting it out into the dangerous seas (the general public). It used to imply adventure and risk, but is now sufficiently commonplace that people don't normally think of it that way. "Released" is a more neutral word for the same thing.
Sometimes, not only in English but in all languages, we want to emphasize certain situations. And then the language itself gives us devices that aren't always common, but we use them anyways, based on known and meaningful expressions.
I am very hungry
We can depict that the subject has surpassed the status of just "hungry" for they must have stayed a long time without eating. This is a known meaningful expression.
Murder is very illegal
From this, even if it doesn't make much sense in the binary nature of the word "legal", we can depict that "murder" is a crime that, morally or ethically, has surpassed the status of "illegal".
We can state that by looking at another not-so-serious crime:
Parking on the sidewalk is illegal
Yeah, we all know it is illegal and wrong. But it is a petty crime compared to murder. In some countries murder is penalized with life imprisonment, even with death penalty, while parking on the sidewalk gives you a fine and, in the worst of the cases, your car is towed.
We can still say that "Murder is illegal", of course it is, but in the sentence, the "very illegal" was made to emphasize.
Best Answer
Up can be attached phrasally to quite a few verbs that aren't verbs of motion like walk, run, etc. Or you can consider it something like an adverb instead of a preposition.
The meaning is one of emphasis or "completely, totally" - e.g. open up X or open X up = open X all the way it can go.