Android :: Sharing Code Between Applications As In Eclipse

I have ten, possibly more, apps I'm developing that all share logic. 50-75% of the logic is the same - perfect for some time of library or code sharing. However, after reading the posts here and trying to share code in Eclipse, I'm not sure that's going to work. I tried going to project -> properties -> build path -> link source and adding the src and gen folders of the project with the shared code and then importing the classes I need. That seems to work in the IDE, but gives an error during runtime: class not found. This seems to be a common error for people attempting this.

I am slowly deciding that shared code is not the best approach in this scenario. Android doesn't seem to work well with this type of code sharing. For one thing resources are not packed in libraries, but references (R.whatever) must exist so as not to create errors. This can be designed around, but the effort and headache is probably worse than simply creating multiple copies. My experience seems typical, based on what I've read. Is it? Have you experienced success or failure with sharing code and/or custom libraries? Am I off-base in thinking that multiple code copies will be smoother sailing than fighting the shared code approach?