SourceGear Vault's client app has the ability to background search for changes. This is very useful because at any time I can take a quick peek and see what changes my team members have checked in and that I need to get latest on. This is also helpful for previewing any merges that might be necessary. And on a day to day basis, it helps me get a sense of what parts of the codebase are seeing the most churn.

Is there a way to get this same functionality with Team Foundation Server, either with native features or a plugin? I know there is a Compare feature, but it takes way too long to be useful. Unless it could periodically refresh itself like Vault does, but I haven't found a way to do that. Anything new with Visual Studio 2010?