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>>Or am I wrong somehow?
No, you are right, "packing does not complicate the exploitation of buffer overflows".
This is a rather strange question, where did you hear that simple packing may prevent buffer overflow exploitation? You can read about some existing protection types at wikipedia:
hxxp://en.wikipedia.org/wiki/Buffer_overflow_protection
hxxp://en.wikipedia.org/wiki/Executable_space_protection
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