News wrote that Eclipse 3.5 finally supports column selection. Unfortunately I don\'t know HOW to enable it. I tried pressing the ALT-key like I am used to in Visual Studio
As RichieHindle pointed out the shortcut for column (block) selection is Alt+Shift+A. The problem I ran into is that the Android SDK on Eclipse uses 3 shortcuts that all start with Alt+Shift+A, so if you type that, you'll be given a choice of continuing with D, S, or R.
To solve this I redefined the column selection as Alt+Shift+A,A (Alt, Shift, A pressed together and then followed by a subsequent A). To do this go to Windows > Preferences then type keys or navigate to General > Keys. Under the Keys enter the filter text of block selection to quickly find the shortcut listing for toggle block selection. Here you can adjust the shortcut for column selection as you wish.