Can I get rid of the status bar at the bottom of Eclipse?

Can I get rid of the status bar at the bottom of Eclipse? Eclipse 3.5 eats up a lot of vertical space with the status bar at the bottom of the window. To be clear, the status bar says "Writable \| Smart Insert \| 32:100" right now.
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Guest [Entry]

"If you have a lower vertical resolution monitor, the Eclipse full-screen plugin may help you to maximize your work area.

It maximimizes Eclipse to the full screen, hiding the toolbar, the statusbar and (optionally) the menu bar as well (if you know Ctrl+3 in Eclipse 3.5 you would not need the menu bar any more :) )."