There was a problem or delay during the creation of your initial Team Project Collection. To check the status of the Team ...

There was a problem or delay during the creation of your initial Team Project Collection. To check the status of the Team Project Collection, launch the Team Foundation Administration Console and review the current status on the Team Project Collection node.
You must create at least one team project collection before you can use the features of Team Foundation Server. You can create a team project collection by using the New Team Project Collection Wizard from the Team Foundation Administration Console.
Before you run the New Team Project Collection Wizard, you should open the configuration logs and then review and correct any errors and warnings about the failure.