I found some more info on TFS 2010 and the “Basic” version on bharry’s WebLog.
Lot’s of nice pictures there but I’ll skip right to the listed features of TFS 2010 Basic:
All of this gives you a development system with Version Control, Bug tracking and build automation (making continuous integration a snap!). What it lacks from Standard TFS is Sharepoint and Reporting capabilities. The great thing though is that TFS “Basic” IS TFS so as your needs grow you can reconfigure it to add more capabilities.
I’m guessing this will quickly become the most common setup. SourceSafe on steroids… while TFS Standard/Advanced will be SourceSafe on sci-fi steroids