This Eclipse IDE plugin will speed up your Magento development by quickly creating the required directory structures and configuration files that you all need. Here are a few features:

• Magento Module structure generation
• Creating models with installation scripts
• Creating blocks with associated template files and layout XML entries
• Creating controllers
• Creating helpers
• Creating event observers
• Creating cron tasks
• Creating store configuration entries
• Creating translation files (with source code lookup)
• Creating modman files for Magento modules
• Editor helper dialogs for inserting models, helpers and store configuration