Does anyone know if in TFS2005 there is an equivalent of externals: SVN property:
Defining an External SVN Property
It is sometimes useful to create a working copy consisting of several different checks. For example, you might want different subdirectories from different places to the repository, or even from different repositories. Of course, you could manually configure such a script to create the structure of the nested working copy that you are trying to achieve. But if this layout is important for everyone who uses your repository, each other user will have to perform the same validation operations as you.
Subversion provides support for externals definitions. An external definition is the mapping of a local directory to a URL, and possibly a specific revision of a versioned resource.
Glyn darkin
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