There is a Management Pack (MP) for TFS currently in beta. This is referred to in Brian Harry's blog entry. This will eventually be posted to the catalog of Management Packs on the System Center Operations Manager (SCOM) catalog of MPs when sufficient beta testing and feedback has been completed. This is expected to happen sometime in August timeframe.
For those who are new, a Management Pack is used to pro-actively monitor and manage a service such as SQL, IIS. In that way since TFS is also an enterprise wide developer service and it needs to be up and running for those enterprises who deploy it - the TFS MP will pro-actively monitor and manage the TFS installation and notify enterprise IP Operations of service breakdowns, failures and help in trouble shooting and resolving the issues.