If you like doing character animation in After Effects, this is a plugin you probably already have. If not, you probably will want to pick it up!
From Battle Axe Inc, Rubber Hose 2 is an extremely well priced ($45) plugin that takes a bulk of the technical work out of character rigging with a full featured UI that allows quick creation of arms, knees, plain ‘hoses’, and more. Also new to version 2 is the ability to save your work as a preset for use again later. What sounds great to me, is the creation of custom stretchy layers by combining two Illustrator/Photoshop layers into one rig with the click of a button. They also site speed improvements over the original.
I think I’m sold.