I was trying to open a project from SourceSafe under the new Visual Studio 2008, and my list of SourceSafe servers was blank. After a few moments of frustration, I found a CTP (beta) release of a pack of fixes for SourceSafe, and Microsoft suggests you install it before using Visual SourceSafe 2005 in Visual Studio 2008.
http://www.microsoft.com/downloads/details.aspx?FamilyID=FAF41EDD-924D-449F-AEFC-9C86DD499720&displaylang=en
The CTP seems to have fixed my problem, as I can now open VSS2005 projects from VS2008.
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