Try this one: http://www.pipsomania.com/best_php_obfuscator.do
Recently I wrote it in Java to obfuscate my PHP projects, because I didnt find any good and compatible ready written on the net, I decided to put it online as saas, so everyone use it free. It does not change variable names between different scripts for maximum compatibility, but is obfuscating them very good, with random logic, every instruction too. Strings... everything. I believe its much better then this buggy codeeclipse, that is by the way written in PHP and very slow :)
