Whitepaper on Dynamics AX integration with Project Server 2007: http://www.microsoft.com/downloads/en/details.aspx?FamilyID=b53b2475-b8ee-4caf-93ba-15cc6e05b0cb&displaylang=en
Announced Project Server 2010 integration: http://www.microsoft.com/presspass/press/2010/oct10/10-05dynamicssl2011pr.mspx