This book provides a good overview of VSTS. It goes into enough detail that the reader understands the broad range capabilities without being overwhelmed. If you just want a reference on VSTS, then I recommend this book.
However, the book is just plain lousy when it comes to the process of managing an actual project. Firstly, PMBOK stands for "Body of Knowledge" not "Book of Knowledge". Secondly, the importance of gathering, analyzing, validating, and verify requirements is woefully under-represented. Quality is mentioned, but in such a cursory way as to be practically useless. Ditto on CMM - not enough detail is given on key processes and work products. The process here seems focused on building software without first determining what to build or checking the correctness of what was actually build.
The approach here might work on small greenfield projects, but would be a train-wreck on any large project with involving any degree of human safety, legacy systems, accountability, etc. In other words, the project management approach in this book is probably not suitable for 90% of projects in an enterprise IT environment.