Is there a Visual Studio equivalent to Eclipse's Local History?

Question

The Eclipse IDE has a nice feature that automatically logs file revisions and you can view them anytime by right-clicking on a file and clicking on Compare With

Answer 1

There is not natively in Visual Studio but what about Visual Local History. It has the option to 'Compare with last version'. It should work well for VS 2005, 2008 and with some extra configuration for 2010.