I've long since installed Java 5, but why Apple why - remove Java 5? Java 5 is still widely used!
At the United Nations we had a software monster for enterprise administration that specifically required one certain version of an Oracle 1.3(!) JVM, otherwise it wouldn't run. And it's the year 2010, that software is still actively used it still requires an extremely old Java VM.
But I think it's reasonable that Apple dropped support for the old Java VMs. I remember all the Java developers screaming and shouting at Apple for not immediately supporting Java 6 when it was released. And now the same guys are shouting because Apple is no longer supporting a JVM that everybody wanted to drop years ago? Java folks are a strange crowd, it seems...