My install (single-server) of Team System was very smooth, except for a small glitch that I received when I inputted my smtp server. It stated that it could not connect to the smtp server, however, I was able to ping it without any problem.
I thought it might correct itself, but when I try to set up the alerts, nothing ever gets sent.
First of all, is there a place where I can update the smtp setting for Team System
Also, if it tries to send an alert, but can't... does it save an error anywhere I would like to look at the error logs to see if anything is trying to send.
Any other gotcha's on the alert functionality
Thanks,
~slee

Setting up Alerts
explorer4life
Unfortunately, I don't think there is any UI option to change the SMTP server name. You have to edit web.config file to do this
Edit the web.config file under VSTF\bisserver.
Under AppSettings you will see a SMTP server entry. Change the value for this to point to the correct one.
If the entry doesn't exist, add the following entry
<add key="smtpServer" value="yoursmtservername" />
Also, make sure you subscribe to Alerts for the given project.
To do this -
Right Click on Project from the Team Explorer and choose project alerts
Hope this helps!
-- Venkat
Konrad_IX
~slee