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Wouldn't that kind of "real time" get messy for code(as oppossed to docs) ?
I mean, one would write half a function, and it gets saved ... and considering it compiles; it will be a disaster, if...

Well.. you have a central repo ....(or clones ) and this perspective allows you to track others' changes, make todo lists, comments, documentations ....etc (remaining within the area of...

That isn't necessarily true..
It just provides a good gui interface for the version control system of your choice and some more control over diff-patching .
So.. you can use it without breaking...

Eclipse has a separate interface ..for that.. called Team Sync ...or something similar....(not sure of the name).
I think that is almost exactly what you need.