We are able to prepare a build successfully using Prepare release but while performing release the release plugin is not able to perform release using TFS 2010. It errors due to incorrect sequence of SCM commands for TFS. The output of perform release is attached.
For performing release we are issuing a command while specifies to use edit mode, Provides anew TFS workspace to map and a working directory to checkout code to perform a release.
We are using the release plugin with TFS as suggested on Teamprise site http://kb.teamprise.com/article/view/95