MSDNAA *does* provide access to Visual Studio Team System

For the academics in the crowd... 

I was under the impression that Microsoft's Academic Alliance was providing Visual Studio Team System as trial software that expires after 180 days.  Turns out that if you contact MSDNAA, you can get a volume licensing key to distribute the full version of VSTS (“Visual Studio Team Suite“) to your students and install on your lab machines. VSTS includes software engineering tools and processes for the entire software lifecycle.

I'm not sure how to exactly go about getting the licensing key from MSDNAA, that's the next step :-)