I recently sought out any companies that were providing hosted TFS projects. Microsoft is doing this with CodePlex.com, but only for open source projects.
Amazingly there is nothing out there for people who want to pay to have their project hosted in a TFS environment.
Some sites suggest that this may be offered soon: http://www.staheli.org/vsteamsystem/
But as of now, nothing…
Which is too bad, because I think the source code control of TFS is pretty nice, and I would like to use it in the future on some of my projects.
Chris May 
Hi, we’ve just launched TFSNow.com which is a hosted TFS offering. You can read more about it on the site:
http://tfsnow.com
Cheers!
Folks:
North America’s premiere VSTS/TFS hosting service is now live!
Check it out at:
http://www.teamdevcentral.com
John Collis
It’d be great if any of these service offerings were priced reasonably for small teams. I can’t see spending $500-$1000 a month for source control.
That’s insane.
Paul,
I am in your boat.
I was looking for something for 50 or less / month.
500-1000 / month is not remotely an option. If I had a dev team of 100 people, I could see it, but for a handful of people, I’ll find something else.
Same boat here. I would rather build my own source control system from scratch than pay $500-$1000/mo.
WAY too expensive! How can you justify the cost?