The latest release of the TFS powertools has been released and can be downloaded here.

There are two things this time that got my attention;

• A UI for setting up alerts to TFS using an editor similar to the work item query editor. This is a really useful enhancement since most people want to automate tasks based on the event model in TFS.
• Support for TFS in Microsoft System Center. With a dedicated TFS pack it will now be possible to monitor TFS the same way as other application servers. This add-on will be released as a separate download following the existing release mechanism for SCOM management packs.

Brian Harry has written a good post on what else is included in this release.