Hi !
А если по простому ? :)

Код:
$search_array = array ("/<[^>]+>/","/&[a-z]+;/i","/\n/","/(http:\/\/[0-9A-Za-z\.\/\-\_:\?&=]+)/si");
$replace_array =array ("","","<br>","<a href=\"\\1\">\\1</a>");
$no_html = preg_replace ($search_array, $replace_array , $textToStrip);