it's not a compiler. It's a wrapper, just like all the others.
Warranted, it was a bit harder to find the batch code using process explorer- I had to find strings in memory rather then in the image, and it wasn't at the very end of the file.
However- the very existence of the original batch code in the supposedly "compiled" executable means it wasn't actually "compiled" but rather... somehow, performs interpretation at run-time of the batch code.
As such- compiling a batch file with tools such as this one, while very useful for distribution, is completely useless for either speed, or obfuscation.
EDIT:
never mind. It's actually less advanced then I originally suspected. analyzing the in memory strings with Process explorer, revealed an odd entity:
"C:\Docume~1\mburgwin\LOCALS~1\Temp\81C.tmp\b2e.dll"
curious as to this file, I navigated to this location and TYPEd it, thinking perhaps it was the batch file itself. No nice. However, looking at the other files in the directory, I discovered an interesting file- echo2.bat, which just so happened to be an exact duplicate of my originally compiled batch program! EGADS!