When you right click on a file and select "Compare...", you get a few different options:
- Changeset
- Date
- Label
- Latest Version
- Workspace Version
The first 3 are pretty self explanatory. But what is the difference between the latest version and workspace version? 4 seems like you are comparing the code on your machine to the latest version in TFS 5 - shouldnt this be just like (4)? (I thought it might allow you to compare against multiple workspaces, but the dialog doesnt seem to have an option to select a different works space.)