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I am wondering about the “Project References” tab in the project properties dialog. What is it good for? There is already a standard way to add projects to the “Java Build Path”.
The dependent projects is provided by the basic ‘resource’ capabilities of the workspace, but the Java model provides it’s own dependency model for adding stuff to the workspace.
FYI, neither of these are MyEclipse features, so you’ll have to ask the Eclipse team for the real scoop.