void(elements=document.getElementsByTagName('A'));
void(n_elements=elements.length);
var re = new RegExp('\\=http://[^&]+\\b');
for(i=0;i<n_elements;i++){
var m=re.exec(elements[i].href);
var s='';
if (m!=null) {
for (j = 0; j < m.length; j++) {
void(s = s + m[j] + '\n');
}
void(elements[i].href=s.substring(1, s.length));
}
}
and here is the bookmarklet: link neutraliser.