Every .NET programmers is used to brace matching, code collapsing and Intellisense because Visual Studio got them from the beginning, I expect to have these helpers when I write jscript inside a cshtml file too.
Intellisense
For Intellisense in .js files add this:
/// <reference path="jquery.validate-vsdoc.js" />
In order to enable JQuery Intellisense for Asp.NET MVC projects that are using Razor syntax, you’ll need to insert in every cshtml this piece of code:
{
<script src="../../Scripts/jquery-1.7.1-vsdoc.js" type="text/javascript"></script>
}
It’s important to add the script reference inside a If(false) clause, in this way at runtime your html code will not contain the vsdoc reference. After adding the code you’ll have Intellisense with comments support:

Notice that I am using the latest version of JQuery, in order to update your MVC project please follows the steps described in this post.
NuGet Package: JQuery
Better JScript Editor
On the Visual Studio Gallery website there is great plugin that will add outlining, brace matching, code collapsing, word highlighting and <para> tag support. You can install it via this link and you’ll benefit from these feature inside <script> areas.
Download: JScript Editor Extensions

If you want to use code regions inside .js files and have outlining like in C# editor (outlines {}s, []s and #region tags) get JSEnhancements, is the right tool and works alongside Microsoft JScript Editor Extensions.
Download: JSEnhancements

Visual Studio 11 will support ECMAScript 5 and many more IntelliSense improvements regarding javascript, for more details check this blog post New JavaScript editing features for Web development in Visual Studio 11 Developer Preview.
Last update on: 10 February 2012

Downloaded and using JSEnhancements at work and home.
Makes JQuery development much better. No need to count brackets anymore.
One more thing I noticed: there is a small lug between keyboard press and char appears in the VS, but convenience of use outwaits it
Where do you get the vsdoc.js from?
You can use the jquery NuGet package or download the file directly from appendto.com/community/jquery-vsdoc