One feature i love in Homesite was the Autobackup, and it's also one feature that DWMX seems to be serious lacking. Anyway, after a quick guidence from the CFEclipse mailing lists, i've found it, and WOW is it better. Not only does it create backup's but you can also compare the files aswell. To compare files goto the:
Navigator window » Right click on a file » Select Compare With » Local HistoryPlus via the Preference (options) » Workbench menu, you can also change the:
Days to keep files
Entries per file
and Maximum file site(MB)

If you haven't tried CFEclipse goto cfeclipse.tigris.org/ to get involved. Also check out Dopefly's guide/tutorial to everything eclipse and CFE related