See update http://blogs.msdn.com/rido/archive/2010/04/10/trx2html-0-6.aspx 

I have released a new version (still in beta) that support Visual Studio 2008 Test Results File Format.
It has been really easy, the underlying schema was pretty similar, so I could reuse the whole UI without modification, just 2 hours of XSLT refactorings ;-)

http://www.codeplex.com/Release/ProjectReleases.aspx?ProjectName=trx2html&ReleaseId=10672

Note that this release only supports the 2008 format.  

Next versions will support 2005/2008 in one binary file.