Disclaimer The opinions expressed herein are my own personal opinions and do not represent my employer's view in anyway.
Rob mentioned it here first and while I don’t normally re-blog other’s posts I thought this was significant enough to mention.
I used to do this quite a lot with VSS – sharing files between multiple projects. With VS 03 and VSS it was sort of necessary to do this because of the awkward way that VS creates VSS projects. I haven’t had to do this with TS Source Control yet but I can see that it would be useful.
Of course, if your migrating a large VSS install to TFS then you may need to do this.