Hat-Tip to Korby Parnell and James Newkirk, and the rest of the CodePlex crew. The beta is online, and you can read about it here and try it here.

What is it, you ask?

CodePlex is an online software development environment for open and shared source developers to create, host and manage projects throughout the project lifecycle. It has been written from the ground up in C# using .NET 2.0 technology with Team Foundation Server on the back end. CodePlex is open to the public free of charge.