For all developers who were worried that their managers wouldn't be able to use their brand new Project Server 2007 to access and aggregate Team Foundation Server data the solution arrived yesterday in a form of Project Server 2007 VSTS Connector. It was developeed by VSTS Rangers and is therefore freely downloadable (you can still find it's older brother - the Project Server 2003 Connector here).
Here is the official description:
Visual Studio Team Foundation Server (TFS) provides a solution for software development teams that integrates designing, developing, testing, and managing a project. TFS integrates with Microsoft Office Project Standard 2007 and Microsoft Office Project Professional 2007 for desktop use and allows project managers to plan and manage projects on a local computer. However, because there is no integration with Project Server, the project data for each team is available only in a stand-alone plan. There is no simple way to aggregate project data across multiple projects.
The Connector synchronizes Project, Resource and Task data between the two systems. Project Managers and Resource Managers continue to work in the EPM environment while the development team works in the development environment, i.e. TFS, and data seamlessly flows between the two systems. Updates to work items in TFS are automatically applied to the corresponding assignments and tasks in Project Server and vice versa. Project Managers have complete control over the inflow of the actuals into the project plan. In addition, resource management functions for all development projects, like managing time and utilization for resources working across multiple projects, team staffing etc. can be performed in Project Server. Lastly, portfolio and program level reports can easily be generated for projects being executed in TFS and managed in Project Server.