I see many organisations looking at TFS and trying to make the decision on why should I use Visual Studio ALM. Often you already have some tools and you want to move to TFS, or you have TFS and you are evaluating other tools as part of a reorganisation.
Northwest Cadence has been working hard with customers to improve their release management in Team Foundation Server 2012. While on the surface it looks like TFS 2012 has little in the way of support for release management, you would be wrong. There are many features in Team Foundation Server, many of them added in TFS 2010 that can aid you in creating a release management strategy.