Our win32 application assembles objects from the data in a number of tables in a MySQL relational database. Of such an object, multiple revisions are stored in the database.
Assume that a class has 5 known properties - date, time, subject, outline, location. When I look at my schedule, I'm most interested in the most recent (ie current/accurate) version of these properties. It would also be useful for me to know what, if anything, has changed. (As a side note, if the date, time or location changed, I'd also expect to get an email/sms advising me in case I don't check for an updated schedule :-))
I would suggest that the 'diff' is performed at the time the schedule is amended. So, when version 2 of the class is created, record which values have changed, and store this in two 'changelog' fields on the version 2 object (there must already be one parent table that sits atop all your tables - use that one!). One changelog field is 'human readable text' eg 'Date changed from Mon 1 May to Tues 2 May, Time changed from 10:00am to 10:30am'. The second changelog field is a delimted list of changed fields eg 'date,time' To do this, before saving you would loop over the values submitted by the user, compare to current database values, and concatenate 2 strings, one human readable, one a list of field names. Then, update the data and set your concatenated strings as the 'changelog' values.
When displaying the schedule load the current version by default. Loop through the fields in the changelog field list, and annotate the display to show that the value has changed (a * or a highlight, etc). Then, in a separate panel display the human readable change log.
If a schedule is amended more than once, you would probably want to combine the changelogs between version 1 & 2, and 2 & 3. Say in version 3 only the course outline changed - if that was the only changelog you had when displaying the schedule, the change to date and time wouldn't be displayed.
Note that this denormalised approach won't be great for analysis - eg working out which specific location always has classes changed out of it - but you could extend it using an E-A-V model to store the change log.