A newer VSTS and TFS 2008 VPC image is available now
The Microsoft Visual Studio Team System 2008 Team Foundation Server SP1 and Team Suite SP1 VPC Image (Trial) with expiry date of 31 Dec 2009 is available now. This virtual machine is running Windows Server 2003 Enterprise Edition, SP2. It contains a full installation of Visual Studio Team System 2008 Team Foundation Server SP1, Team Build 2008 SP1, Team Explorer 2008 SP1, Visual Studio Team System 2008 Team Suite SP1 and all necessary prerequisites. In addition, it has been updated with Office 2007 SP1, current Windows Updates as of December 1, 2008, the October 2008 Release of the TFS Power Tools, Team System Web Access 2008 SP1, and the Visual Studio Team System 2008 Team Foundation Server MSSCCI Provider. Team Foundation Server is installed in workgroup authentication mode and thus does not require a domain controller. This release also contains 38 hands-on labs and sample data.
http://www.microsoft.com/downloads/details.aspx?FamilyID=c7a809d8-8c9f-439f-8147-948bc6957812&displaylang=en