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Short overview of most important new features: v4 only! New viewers: compare binary and image files.
v4 only! Automatch rules: simplify comparison of structured files by using key fields.
New editing engine: most asked feature! Now true editing is possible within comparison panes, with full support of mouse and keyboard operations, clipboard, bookmarks, etc.
Syntax highlighting will be useful for all software/web developers. Built-in support for C++, Java, C#, Delphi, HTML + custom syntax files.

Word wrapping within editor pane - now you can easily see changes in long lines without having to scroll view.

MS Word, Excel, PDF, RTF files comparison. Details

Zip archives support: transparently compare file with it’s zipped version.

Converters: now you can use Compare It! to compare non-text files - if you can find a tool to convert your file format to text. Several ready to use converters you can find here

Moved Sections: Compare It! can detect and visualize moved sections, similar to what well-known WinDiff does.

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