Pretty good reports out of the box. I have a Virtual PC environment, so it was very easy to download this app and install.
FYI – you dont need an SPS installation for the sample reports.
What you need is
1. SQL Server
2. SQL Server Reporting
Its best if you have a standalone SQL server (wihout any SPS installed on top of it as the SPS virtual server will compete with the Reports Server IIS, there are ways around, but for simplicity sake).
Whats great is there is a sample database included in the install. Just install the demo database, upload the reports onto your SQL server, configure some options and the sample reports are available for you. For more details about the download check this Link .