The P&P folks have released guidance (videos, documents - HOWTO, Guidelines, Explanations) on using VSTS. This is a collaborative effort of P&P, the Team System product group, and folks from 3rd parties.
Welcome to the patterns & practices VSTS Guidance Project! The purpose of this project is to build some insightful and practical guidance around using Microsoft Visual Studio Team System. It's a collaborative effort between patterns & practices, Team System team members, and industry experts.
Some things covered: Branching, Shelving, Baseline, Merges, VSS migration, Project (solution) structure in VS.NET, and Workspaces.
I"m sure more to come.
Source: patterns & practices: Visual Studio 2005 Team System Guidance