This plugin does exactly what the author indicates... and I guess I'm being a little self-serving when I say that. It replaces links in *articles*.

For me, almost all my ads are in modules... and this plugin doesn't affect those links. Being able to affect the links in my modules would be the cat's meow!

The author says an update that obfuscates the module links is coming. I can't wait. As soon as it's available... I'm installing it.

Otherwise... a very good plugin, well written with good author communication.