I have a pretty big project that uses a local Maven repository to update libraries. Whenever I have to update the project I sync it with an SVN repo, then I launch a "maven clean -U install" through m2e on Eclipse to update and compile the project.
The problem is that while the newer versions of the libraries are downloaded by Maven, the library references aren't updated and I have to change them manually. Since this project uses a lot of such libraries it's not really the best solution.
None of my friends or colleagues have or ever had this problem, and even a Google search doesn't find much.
EDIT: The references in the pom.xml file are already updated through version control (SVN). It's the references in the Eclipse project which aren't updated. Sorry for not being clear.