Microsoft released the Visual Studio TFS 2010 and Project Server Integration Feature Pack Beta to Visual Studio 2010 Ultimate with MSDN subscribers.
Integration between PS and TFS is a huge leap forward for organizations that want to bridge the gap between the Project Management Office and software development teams using TFSr. The fp further strengthens Microsoft’s Application Lifecycle Management Solution by enabling these teams to work together more effectively while not getting distracted or overwhelmed by each other’s’ detail. It enables teams to work together more effectively by:
This Feature Pack is being released in tandem with VS/TFS 2010 SP1. It supports Team Foundation Server 2010 and Project Server 2007 and 2010.
More Info: Documentation (.chm)