Hi guys and thanks for the help.
Here is how I managed to setup pangool on OS X (not too different the hints you gave, but just
to make an ordered list...)
1) Install the maven eclipse plugin m2e - Maven Integration for Eclipse
2) git clone g...@github.com:jayunit100/pangool.git (or whatever the official repo is, this is a fork)
3) then run ivan's mvn eclipse:eclipse command, this creates the eclipse environment
4) then do : import projects into existing workspace, and select the pangool project. At this point, the 3 different eclipse projects will magically appear (pangool-core, pangool-examples,..)
5) After this, you have to right click on pangool-core and run "maven update" (eclipse will hint to do this).
Anyways,,, it worked for me. The problem I had was that I thought the pangool stuff all fit neatly into one eclipse project, i didn't realize it was 3 different projects.
Hope this helps.