While there is a considerable amount of work involved in setting up an on-premises Team Foundation Server, we have made our hosted TFS solution very easy. In fact, configuring a hosted TFS account only takes a few minutes.
To show how easy it is, we created a short video that goes over the complete process. The one thing you will need to have is Microsoft Visual Studio Team Explorer 2010. The free download from Microsoft adds the tooling for Visual Studio to manage Team Foundation Server.
http://www.youtube.com/watch?v=uqBWC_qtrVI
Good job. 😉
note: If Microsoft Expression products are on the same system Source Control will be added to them also once this is completed in VS. You will for example be able to work with Silverlight projects in both VS and Expression Studio without doing any additional setup.