WinMerge

It would be great if winmerge could (as the first program ever) compare LaTeX files correctly. When words are added or deleted in a paragraph the whole paragraph is usually re-wrapped, e.g.:
The man walked
down the road
to buy some
beer for his
wife.

becomes:

The drunk man
walked down
the road to
buy some
beer for his
wife.

As you can see only a single word has changed, but all lines will be different.

If you could make winmerge ignore single LF-CR (interpret them as (white) space) and only consider double LF-CR (two linefeeds are the paragraph divider in LaTeX) it would probably work.

Would it be possible?

Sincerely,
Morten