Visual Studio 2010 Lab Management is now available for download.
So how do you get started?
Install Visual Studio 2010 Team Foundation Server 10.0 and SCVMM Admin Console on a machine.
Set up a SCVMM Server on a machine.
Install Visual Studio 2010 Ultimate sku to get the Microsoft Test Manager client and the agents skus. Find the detailed steps @ the msdn download page
Then download and apply the patch on all your client and server machines (available here). This has all the right fixes making it sturdy to be used in your live environments.
Soma is excited and so is Brian and so should you. Try it out and send us your feedback while we keep working hard on the next release.