More or less, Lomboz and MyEclipse do similar tasks. Although MyEclipse does a fair bit more than Lomboz. As for a comparison, MyEclipse is easy to use and works whereas Lomboz doesn't. At least in my experience.
I have tried both and MyEclipse is far and away the better product. I installed it into Eclipse and within minutes had configured it to work with
Tomcat 5,
JBoss 3.2.6 and JBoss 4.0, and Sun Application Server 8. I have never been able to get Lomboz to work with JBoss 3.2.6--it seems to stop at about 3.2.4 for some reason.
Once I had the servers configured, I was able to create a small
test web project and deploy it directly to Tomcat as a WAR file. This is also something that I have not been able to do with Lomboz. This was all done without using the excellent included help or the available help on the MyEclipseIDE website.
In addition, MyEclipse provides tools for
struts, hibernate, and DB access. None of which is included in Lomboz.