At TechEd 2011 in Atlanta Microsoft showcased some of the new features coming in the next release code named vNext. Check it out by clicking the different links below:
VNext – click the link to the vNext demo.

New Features are:
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Storyboarding– A plug-in for PowerPoint that connects the creation and review of story boards with the rest of the team.
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Backlog & Sprint Planning– New web based product backlog, sprint planning and task board.
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Client Feedback –New tooling support to invite and receive feedback from stakeholders during development.
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Team Navigator– More time ‘in the zone’, through improved experiences for day-to-day tasks.
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Continuous Testing – A new unit test runner continuously running unit tests in the background
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Agile Quality Assurance – Increased code quality with code review support, enhanced unit testing frameworks and new exploratory testing support.
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Aligning Development with Operations (Intellitrace in Production) – Increased connections and insight between the operations and development teams lowering the time it takes to fix a bug in production.
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SCOM & TFS Integration – Software Centre Operations Management now integrated with TFS.
Channel 9 - The Future of Microsoft Visual Studio Application Lifecycle Management Cameron Skinner talk at TechEd 2011
Whitepaper: PDF whitepaper which reinforces the value propositions for what we’re delivering in vNext.
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