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If you start from stock, you can do a LOT with notepad and Winrar (or Winzip).
You don't necessarily need Eclipse just to build from source, but it depends on the rom.
If you have not done anything like this before, start with JMZ's stock deodexed and use the first method, or go with CM and build from source that way. Neither method needs Eclipse. Both methods are the best way to start.I would at least play with the first method so you understand the file structure a bit before trying to do it from source.