Holy Cow! Orcas is not even released and they give us this awesome little present just in time for my 33rd birthday :) I am totally late to the game here, as Brian Harry announced it days ago. Better late than never I always say.
So for anyone not "in the know" on the Visual Studio codenames, Rosario is the next big thing for ALM (a.k.a. Application Lifecycle Management). It will improve upon the existing Team System product suite by adding additional tester capabilities, business alignment improvements (think EPM integration) and something I hear requests for constantly, fully supported heirarchical work items. YAY, wahoo, let's hear it for the product team! Download it here!!