Is it possible in Word 2007 to create a revision history table automatically using track changes or some other method?
e.g.
Revision History
DateVersionDescriptionAuthor 16/09/20081.0CreatedJohn Smith 17/09/20081.1Fixed dumb spelling errorsColin JonesI don't think it's possible to do automatically.
I'd suggest that you keep track manually with a table like you suggested, and then keep all your documents in a version control system under a separate documentation branch in order to have an automatic revision history. If you feel up to it, you could also create a tool that compares said element to the revision history of the document and shouts at you if you haven't updated it :)