If you are looking for a good plugin for redirects/link cloaking.
Note that it doesn't actually cloak links that already exist. you create a URL and use that instead.
E.g. if you wanted to link to sponsorsite.com/ref="you"
You would put that in and use something like yourdomain.com/sponsor as the url and use that.
Try this plugin out, it's very good and even track clicks
Worpress link below:
http://wordpress.org/extend/plugins/pretty-link/
Might be useful for some of you
