I had the same problem I have had many times in the past today. How do I get Visual Studio 2008 (Shell) to connect to TFS 2010 for SSRS. Should be easy and I do the same thing over and over and forget about it. It seems most posts around the web just give some insight but no full solution how to get it working, so here are the steps required to get TFS2010 and VS2008 playing nice
Firstly you need to install Team Explorer 2008, this is the main component and only comes with Team Edition of visual studio, if your using anything else use the separate download below
Team Explorer 2008
http://www.microsoft.com/download/en/details.aspx?id=16338
Once this is complete you need to install a compatibility update to the Team Explorer
Visual Studio Team System 2008 Service Pack 1 Forward Compatibility Update for Team Foundation Server 2010 (Installer)
http://www.microsoft.com/download/en/details.aspx?id=10834
And finally apply SP1 to the install
Visual Studio 2008 SP1
http://www.microsoft.com/download/en/details.aspx?id=10986
It seems to work in this order and only in this order for me so now I have SSRS working nicely with TFS