[TUT] Setting up your own TinyURL for link redirects

Not my own tutorial, unfortunately, but I stumbled across it the other day, and it's a way to use WP to both redirect your links (making them more aesthetic) AND track clicks (at the very bottom).

http://businessmindhacks.com/post/building-your-own-tinyurl-in-less-than-1-hour-using-wordpress

Give it a read.