My version of SQL string to table tokenizer

This one’s a short post on a fairly random topic as unfortunately I don’t have time today to come up with anything deeper :)
I needed to come up with a delimited string to table tokenizer for an Oracle development project. There are quite a few examples out there how to do that, including Adrian Billington’s www.oracle-developer.net and the http://technology.amis.nl/blog/?p=1631.
So far the simplest solution I had seen was using a bunch of INSTR’s, SUBSTR’s and DECODE’s in a CONNECT BY loop.