I\'d be happy to have very soft character \">>\" instead of white-space, like this:
Mono develop http://primates.ximian.com/~miguel/pictures/Valabinding-classpad.png
On my Emacs version (24.3) no additional modules are needed. It's enough to launch
M-x whitespace-mode
To customize go to whitespace-style variable help,
whitespace-style
C-h C-h v whitespace-style
This mode has many functionalities. To made it simpler one may choose not to use `Face visualization'.