This seems quite a shoddy update for
the best Java delivery platform on the planet (the words of Steve Jobs, not me).
Have I surmised the situation correctly:
[1] Intel only
[2] 64bit only
[3] Still need Java 5 to run all of your current Java applications.
It seems to me Apple gave up on Java a while ago and it will die a slow death on the platform for as long as they have control of the JVM.
Taking away any pro or anti Java arguments, it is still a mistake, here's why:
[1] Apple sells to education, many computer science courses teach Java.
[2] Apple sells to developers, many developers write Java.
I believe Apple will loose at least some hardware sales as a result of this. How much of an impact it will make is debatable. No doubt they will have already done the maths.
Apple's thought of the day appears to be wake up and smell the Cocoa.