Hey Xenon,
Thanks for the help. That worked, almost.
If i remove the URL BBCode part of your replace section, it works perfect, with no rewrite for the displayed link.
If I leave it in, then I get a double attempt at URL BBcode.
Right now, I took what you posted, and removed that, so I just get a shortened version of the full link, including the initial
http://www.domain.com/out.php?out=
Magic wand situation would be if someone types without any BBCODE
http://subdomain1.domain1.com/(variable, whatever EX home.php or blahblahblah/)
this is generated (Look at link via hover)
http://subdomain1.domain1.com/(variable)
And, in theory, if someone posts it with bbcode (in the case of editing a post), the same thing happens.
I can live with this now though, just people see that there is an outbound tracker attached to these specific links.