Extra caution is recommended when installing recently uploaded/updated scripts (read more)
Be sure you trust any scripts you install
Drop link indirection level
Offers to rewrite links with URL arguments pointing elsewhere, to elsewhere, without the link bounce indirection. (I e http://redirect.to/?url=http://www.google.com/ becomes a direct link to http://www.google.com/)
You could comment on this script if you were logged in.

login to vote
I was just going to hack up something like this, but luckily I googled around first.
Very good plugin! Works with urlencoded links, and in Opera browser too!
login to vote
Ditto; I grew tired of all the destructive ones on offer and wrote my own. It's insanely useful for lots of things, like picking up direct links to search results at google.com, or clearing away affiliate program links and the like. It isn't very intrusive layoutwise, either.
login to vote
Nice! I like this better than the other scripts that do strip redirect links, because the stripping is optional and very user friendly (just one click).