Finally Microsoft has put together a Virtual PC image with the whole Visual Studio 2005 Team System server. Even though the process is much improved in the latest releases it still takes a while to get all things in order. So thanks for putting this image up on MSDN!

Here's part of the release notes stating the content of the image and the run-time requirements:

VPC Contents
-------------
o       Microsoft Windows Server 2003 Standard Edition (expires September 16, 2006)
o       Microsoft Visual Studio 2005 Team Suite Beta 2 (expires May 1, 2006)
o       Microsoft Visual Studio 2005 Team Foundation Server Beta 2
o       Microsoft .NET Framework 2.0 Redistributable Package Beta 2
o       Microsoft SQL Server 2005 Community Technology Preview
o       Microsoft Office 2003 Standard Edition
o       Microsoft Live Communication Server 2003

Minimum System Requirements
-------------------------------
o       PC with 2.0 gigahertz or faster processor
o       1.5 GB RAM minimum
o       10 GB available hard disk space
o       Super VGA (800 x 600) or higher video
o       DVD-ROM drive
o       Microsoft Virtual PC 2004 SP1 software