WP Bit.ly uses the Bit.ly API to generate short links for all of your posts and pages. Statistics are displayed for each link from the dashboard.
Not much left to say, just short links and saved on your bit.ly account :D
If you run a website and get significant traffic from Twitter and other social media outlets, this plugin is what you need. I set up a custom short domain for my bit.ly account and this uses it perfectly.
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