I'm using Mercurial for personal use and am conteplating it for some distributed projects as an alternative to SVN for various reasons.
I'm getting comfortable with using it for self contained projects and can see various options for sharing however I haven't yet found any guidance on managing common libraries to be included in multiple projects in a similar manner to that provided by externals in subversion.
The most obvious shared lump of code is error handling and reporting - we want this to be pretty much the same in all projects (its fairly well evolved). There is also utility code, control libraries and similar that we find better to have as projects built with each solution than to pull in as compiled classes (not least because it ensures they are kept up to date, continuous integration helps us address breaking changes).
Thoughts (I hate open ended questions, but I want to know what, if anything, others are doing).