[xpath] Is there an "if -then - else " statement in XPath?

Personally, I would use XSLT to transform the XML and remove the trailing colons. For example, suppose I have this input:

<?xml version="1.0" encoding="UTF-8"?>
<Document>
    <Paragraph>This paragraph ends in a period.</Paragraph>
    <Paragraph>This one ends in a colon:</Paragraph>
    <Paragraph>This one has a : in the middle.</Paragraph>
</Document>

If I wanted to strip out trailing colons in my paragraphs, I would use this XSLT:

<?xml version="1.0" encoding="UTF-8"?>
<xsl:stylesheet 
    xmlns:xsl="http://www.w3.org/1999/XSL/Transform" 
    xmlns:fn="http://www.w3.org/2005/xpath-functions"
    version="2.0">
    <!-- identity -->
    <xsl:template match="/|@*|node()">
        <xsl:copy>
            <xsl:apply-templates select="@*|node()"/>
        </xsl:copy>
    </xsl:template>
    <!-- strip out colons at the end of paragraphs -->
    <xsl:template match="Paragraph">
        <xsl:choose>
            <!-- if it ends with a : -->
            <xsl:when test="fn:ends-with(.,':')">
                <xsl:copy>
                    <!-- copy everything but the last character -->
                    <xsl:value-of select="substring(., 1, string-length(.)-1)"></xsl:value-of>
                </xsl:copy>
            </xsl:when>
            <xsl:otherwise>
                <xsl:copy>
                    <xsl:apply-templates/>
                </xsl:copy>
            </xsl:otherwise>
        </xsl:choose>
    </xsl:template>
</xsl:stylesheet>