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Configuring the plugin is easy as it is only requires the server URL and the path to the project. Hudson will take care of the rest, such as creating a workspace and work folder to store the files in.
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So if you wanted to give Hudson a whirl but couldn't use it because you were using TFS, now is the chance to try it out! For more information about this plugin, check out the wiki. There are also several other .NET plugins for MSBuild, NAnt, NUnit, FxCop, StyleCop and compile warnings. I'm currently working on a plugin that integrates CodePlex into Hudson.
Update: The plugin can be downloaded here, or through the update manager in Hudson.