This is old news, but it looks like Microsoft is planning on openning has openned a bug tracking system, code-named Ladybug. That sounds pretty interesting. I just wonder how many people will try to abuse it. It could turn out to be pretty useful, tho.
It's been almost a month since the article I read, so I'll have to look around for some more info. I imagine this software will probably make it out in a 2006 or 2007 version of Visual Studio, or perhaps a downloadable WebPart for Windows SharePoint Services that ties into VS05 Team System features. Microsoft seems to be growing in this area a lot, and as we all know, with Microsoft, integration is key.
Like I said, it will be interesting to see how far this goes. For now, tho, it will only be for development tools...which is probably best.