TFS 11 EXPRESS, now thats a good idea
I thought a product with similar specs was going to ship with vs 2010, but now the tfs team saw the light. I think this is a really good product for small teams.
Version contro, easy install, no need for sql server (it uses express)
Read the original blogpost by bharry
http://blogs.msdn.com/b/bharry/archive/2012/02/23/coming-soon-tfs-express.aspx