M2Eclipse, Maven, Eclipse and Managing Java Project with dependencies

Using Version Control System (henceforth VCS) has now become an essential part of the development life-cycle. One cannot visualize life when it comes to managing project/product releases without having well established VCS. As per my experience (and since got chance to work with only VSS and SVN, I feel SVN is the better choice – simple, easy and most important free!!!).
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