For the revision tag, the regular expression filter in WinMerge works fine: WinMerge, Tools, Filters, LineFilters: $Revision\: .*$
For the CVS commit history log, I have implemented a prediffer Plugin similar to Plugins\src_VCPP\IgnoreCommentsC from the source code of WinMerge.
The source code for the prediffer plugin is here:
This is specifically designed for Delphi code. It should be easy to adapt to different languages.