Is there a macro recorder for Eclipse?

I put something together over the last month or so that you may find useful. It has limitations since the Eclipse editor/commands weren't designed with macro support in mind, but I think it works reasonably well. I just posted Practical Macro at SourceForge a couple of days ago. It requires Eclipse 3.4.

This seems like a strange hole in an IDE, am I missing some builtin facility for this?

This is a common problem. There are around four bugs opened in Eclipse tracker for this. Unfortunately you would probably see macros in Eclipse in v4.0 or later.

Emacs+ Version 3.x adds keyboard macros (http://www.mulgasoft.com/emacsplus) to its feature set.