So I set up a small test environment to get things rolling. Basically I just wanted to see what TFS was bringing to the SharePoint side of things. I needed to understand what files TFS was injecting into the SharePoint hive and how it was planning on interacting with SharePoint once fully functional.
I figured the best way to get to the bottom of this was to turn on a File System logger. For this I used Spy Me Tools… I’m sure there are more robust tools out there but this one is free and it worked for my purposes.