If you'd like to be more in touch with your Team Foundation Build server using something other than Team Foundation Alerts via e-mail, Abhinaba Basu built an application to display pop-up notifications, or if you prefer RSS, you can use his Team Build RSS Feed.
I had blogged earlier about the BuildTicker tool which sits on the system tray and notifies of builds happening on the server. I have received many requests to get this tool. So here it goes. Get the executable from here and the sources from here. Since I am no longer working on the TFS team you can consider this as my parting gift 🙂