Your team's status is visible on the Sprint Tracking --> Detail Tracking or Member Tracking pages. The Sprint Summary section presents a rolled up status of all the work done and remaining in the Active sprint/iteration a cross the project team.

Another option for viewing team level status is to use the Iteration/Sprint Dashboard. This presents a status view that includes burndown, acceptance test trend and member workload graphs among others. The Dashboard views are typically used more by management, but can provide a good overview for team members, as well. Access the dashboards under Reports in the main menu.