It's hard to keep up, just this weekend I was installing VS2008 Team System beta 2 only to find that the Community Technology Preview of Rosario is already available for download.

'Rosario' is codename for the Visual Studio Team System release that will come after Visual Studio Team System 2008 (which was codenamed 'Orcas').

Brian Harry writes:

One of our primary focuses for this release is what we call "Business Alignment".  This is about making sure you know what your development organization is doing, why they are doing it and how it is coming compared to plan.  There are many features coming to support this goal and I'll talk about a few of them here.  Some of them you can see in this CTP include:

• A focus on requirements and traceability.  Among other things, the MSF CMMI guidance has been updated to include new work item types and reports.  MSF Agile will be updated in the future.
• Hierarchical work items for work breakdown and status rollups.
• Extensible link types to be able to relate work in whatever ways fit your process.
• Querying over links to enable traceability and easily answering hard questions about ongoing work.
• Querying based on group membership to be able to scope to the people on your team easily.