So I finally was able to complete the installation of TFS and started the creation of my first team project which introduced me to the process template.
After following to the link to Microsoft's site for process template information I was inundated with new information to consider. What templates have all of you had experience with that either worked out very well for you or were more of a stumbling block to the project? What were the biggest advantages and disadvantages you've encountered?
Edit: Some information about my project, I'm the lead developer for a small company and will be using TFS/VSTS to create an intranet portal to consolidate the end users day to day and increase automation to enhance productivity etc. It's entirely new development taking advantage of C#, ASP.NET and Sql Server 2008.
Ideally I'd like to take advantage of features to enhance collaboration with the stake holders to help add desired features and to track the status of development and offer feedback etc. I was also looking to take advantage of JetBrain's TeamCity for my TFS so if any specific template / software really adds cohesion between TFS, TeamCity, Developers and Stakeholders that would be ideally what I'm interested in.