Decompiling the mov compiler

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The thing about these kind of obfuscators is that:

1. Approaching a MoV'd binary *knowing* that it has been movfuscated makes it really easy, because you already know what are you dealing with, and on top of that, you have the source of the obfuscator - you don't have to spend a bunch of days reversing it, just to get the idea of the obfuscation because you already know it.
2. The obfuscation is not intelligent, but rather, it's almost a translation of instructions. If it can be done in one way, it can be done in the another, right? Even more so if the source is public and all you have to do is see how it works.