It looks like this is now supported.
http://nuget.codeplex.com/workitem/2810
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Put a file called nuget.config in the root of your solution (next to packages folder and solution file) containing:
<?xml version="1.0" encoding="utf-8"?> <configuration> <packageSources> <add key="Local" value="packages-local" /> </packageSources> </configuration>
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Build you packages to the packages-local folder.
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The packages in this folder will be available to add to other projects in the solution. (You may need to restart VS or at least close-reopen your solution for the config to be picked up).