More and more customers are asking for WSS3.0 (SharePoint 2007) integration with Team System (TFS). As we will support this officially in the Orcas realease we can today offer an unsupported but well tested solution to reach this today. We tend to publish this on MSDN but till then you can get all details and information from Brian Kellers blog: http://blogs.msdn.com/briankel/archive/2007/04/14/Configuring-Visual-Studio-2005-Team-Foundation-Server-with-Windows-SharePoint-Services-3.0.aspx

 

Update: We just released an updated guidance on the topic:

http://msdn2.microsoft.com/en-us/teamsystem/bb676233.aspx 

http://msdn2.microsoft.com/en-us/teamsystem/bb676234.aspx