Microsoft announced today that the final release of the Lab Management functionality in Visual Studio 2010 will be available at the end of August. Important to notice is that Lab Management no longer requires a separate license. Instead Lab Management will be available for existing or new Visual Studio 2010 Ultimate with MSDN and Visual Studio Test Professional 2010 with MSDN customers. Because of this change, Lab Management will no longer require a per-processor license. These two subscriptions include all pre-requisite software for Lab Management – including Team Foundation Server 2010 (purchase of a separate Windows Server license is required), System Center Virtual Machine Manager (SCVMM) 2008 R2, and Visual Studio Agents 2010 and Microsoft Test Manager 2010. Of these products, Agents and Test Manager can be installed from either 2010 Ultimate or Test Professional 2010.
I hope that this big change in licensing will help customers adopting this product. If you want to try it, just have a look at all information here and download a trial of Lab Management here.