You are correct, TeamPulse can be used as a stand alone product.
You are also correct that not all information is being synced, in fact as of beta only a very minimal number of fields are synced by default. That said, it is important to understand that, by default, many of the fields tracked within TeamPulse are not present in the default TFS process templates. Assigned To and State are the two obvious holes in our beta release in terms of sync mapping, and we are working to get those into the full release.
However you can modify the synced fields yourself by way of the project mapping files, as described in the TeamPulse help document section 9.1.2, starting on page 113 (http://www.telerik.com/documents/team-productivity-tools/TeamPulseHelp.pdf
). This can allow you to sync TeamPulse data into whatever fields you would like within TFS, including custom fields.
In regards to future features, integration with Tasks and Bugs are high on our priority list for the full version release, as is reporting. For a good indication of where the product is moving from a feature perspective over the next year, please check out the product roadmap: http://www.telerik.com/team-productivity-tools/purchase/roadmap.aspx
As for integration with Visual Studio, we do not currently have plans to do so at this time.
Thanks for all your interest in TeamPulse, we appreciate the feedback!
the Telerik team
Do you want to have your say when we set our development plans? Do you want to know when a feature you care about is added or when a bug fixed? Explore the Telerik Public Issue Tracking
system and vote to affect the priority of the items.