Good news for all Java GUI Developers. Finally the day has come where we can enjoy the WindowBuilder when creating Swing GUIs. This was a commercial product some time back but now its taken by google and its OpenSource. So lets start using it and help the community to make it more feature rich.
More information can be found at Google Code Blog
The plugin can be downloaded from http://code.google.com/javadevtools/wbpro/