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 ->
Is there an equivalent to this in Visual Studio 2010?
There is not an equivalent feature for local history.
However, if you're using TFS, there is support in the IDE for getting history of files (though this is commited/checked history).
Many other version control systems also have plugins for Visual studio which provide this type of functionality. For example, VisualHG provides an "HG History" command which shows the version history in the Mercurial repository.