This is a failure in DNS resolution, try to connect to 85.236.100.85:20767 instead.
Code:
18.03.2013 15:40:23 ClientUI Info Connect to server: 768645.ts3.mpgs.co
18.03.2013 15:40:23 ClientUI Info Trying to resolve 768645.ts3.mpgs.co
18.03.2013 15:40:23 Info No SRV TSDNS found at "_tsdns._tcp.mpgs.co"
18.03.2013 15:40:23 Info No SRV TSDNS found at "_tsdns._tcp.ts3.mpgs.co"
18.03.2013 15:40:23 Info DNS resolve successful, "768645.ts3.mpgs.co"=85.236.96.30
18.03.2013 15:40:23 Info SRV DNS resolve successful, "_ts3._udp.768645.ts3.mpgs.co"=>"sid198052.ts3.multiplaygameservers.com:20767" = 85.236.100.85:20767
18.03.2013 15:40:23 ClientUI Info Lookup finished: 85.236.100.85 20767 768645.ts3.mpgs.co 0 0
18.03.2013 15:40:23 ClientUI Info Resolve successful: 85.236.100.85:20767
18.03.2013 15:40:23 ClientUI Info Blacklist check ok
18.03.2013 15:40:23 ClientUI Info Initiating connection: 85.236.100.85:20767 768645.ts3.mpgs.co
18.03.2013 15:40:23 Info DNS resolve successful, "blacklist.teamspeak.com"=176.9.148.78
18.03.2013 15:40:23 Windows Audio Session Devel DeviceDeleteList::waitForDeletes - enter
18.03.2013 15:40:23 Windows Audio Session Devel DeviceDeleteList::waitForDeletes - leave
18.03.2013 15:40:23 Windows Audio Session Devel DeviceDeleteList::waitForDeletes - enter
18.03.2013 15:40:23 Windows Audio Session Devel DeviceDeleteList::waitForDeletes - leave
18.03.2013 15:40:24 ClientUI Info Connect status: Connecting
18.03.2013 15:40:24 ClientUI Info Connect status: Disconnected
18.03.2013 15:40:24 ClientUI Info Disconnected or forced to leave, want autoreconnect = 0
the last two lines are because the server has a password, which prevents me from successfully connecting.