Using Diff like a Change list ?

We are in the process of using Drupal for one or our backends for a game we are working on. I was thinking the other day when dealing with some source control issues with the game that wouldn't it be great if their was a way to use the diff module to be able to create a change list that then could be seen by a custom view. For example we have data that gets entered and adjusted often but no real good way to track this or visually see the changes quickly..

I would think using the diff module might help with this.. any thoughts? Could a diff be written to a new content type, with the changes etc, then a view used to see those, who made the change, time etc?