The TFS Team at Microsoft certainly have been been busy this year. Visual Studio 2012 Update 3, presumalby the final update for VS 2012 before VS 2013 goes live, is avilable to download. It’s ben said for quite some time that this update is consideraby smaller than either of the previous Updates, as it includes bug fixes.
In addition, Update 3 is a cumulative release that also includes all of the benefits delivered in Update 1 and Update 2.
It’s worth noting that it’s important to install Update 3 if you need to be able to "Round Trip" (scroll down to end of article to read about it) projects between Visual Studio 2012 and Visual Studio 2013, or if you want to run Visual Studio 2012 on the Windows 8.1 Preview. The Knowledge Base article for Update 3
Download Visual Studio 2012 Update 3
Download TFS 2012 Update 3