Eclipse "Run As Web Application" overwrites all the libs

I'm using maven with m2eclipse and want to use to nice debugging tools by running my app directly from Eclipse via the "Run As Web Application" command. This used to work well, but recently I've discovered that all the external dependencies in target/MyProject/WEB-INF/lib are deleted every time I hit "Run As Web Application". As a result Guice and other libs are not found.

Has something changed in the Google Eclipse Plugin to cause that? Is there any workaround?

(Cross-posted to AppEngine java.)

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