Frank,
If the other users on the project are using MyEclipse, you can check everything into CVS, then when they pull the project it will be all setup and ready to go (as long as you are good about not using fully qualified external items in your classpath, those might require readjustment). If you are sharing with other people that don’t use MyEclipse and want to keep the project “pure”, you can just mark all of the (My)Eclipse specific resources as ignored, and just have each user checkout and setup the project individually.