Good stuff, you can also create different folders into your htdocs folder to run several different versions of code, for example if you unrar Template Shares into a folder that you name tsse then you can simply access them from your browser with the address
http://localhost/tsse
This method allows you to run Template Shares, TBDev, etc. If you get into some heavy mods then its simple to just delete the folder and restore a backup you made before you started the mods.
I do this as it allows me to work on several, and if I get bored then I can go to another source and work with it, also if someone wants to see a couple different sources you got them there configured and ready to rock.