Sorry for the delay in posting this, but I was a tad busy with the svn sync
I also had some trouble getting the IvyDE to behave as I expected. The screen cast below will show you how to get Red5 to build properly in Eclipse. One of the key points is to use Ant from a console to pull any suborn libraries down into the correct location, to do this simply turn off the auto build in your eclipse project and use this command:
ant -Divy.conf.name="java6, eclipse" dist
Note: substitute java5 for java6 if you are using JDK 1.5.
When you’ve finished using ant, remember to turn auto-build back on.