"NTeam will be an open source alternative to the upcoming Visual Studio Team System(r) and will utilize many existing open source applications such as NUnit, NAnt, and will link with various open source project, issue, and task management applications. NTeam will integrate with both proprietary and open source IDEs and will target small- and mid-sized businesses. " http://www.gotdotnet.com/workspaces/workspace.aspx?id=0b2faf8e-daa5-4047-82f6-f468af4852d7
Beta 2 was expected to be out end of March 2005 or early April but now it appears that Beta 2 will have to wait till the last week of April. April 25th seems to be the tentative date based on information from the following link: http://www.microsoft.com/emea/msdn/betaexperience/