Deployment of dependent utility projects is under development now and will be released as part of an upcoming maintenance release.
I don’t believe WLS will support loading of an exploded util.jar. I spent time this past weekend researching short term workarounds and one such approach was to setup a utility project as an EJB project with no EJBs (i.e., delete ejb-jar.xml). While this worked great under JBoss, I was unsuccessful in getting WLS to load the exploded jar project using the Manifest Class-path mechanism. Therefore a short term solution is to export the util project as a jar directly into a top-level src folder of the EJB projects. This will cause the util.jar to be deployed along with the EJB contents.
Michael
MyEclipse Support