In the desktop space, I don't think Java is much future, unless they do a serious overhall to the JVM. In the server space, well, this ruling has no bearing on that. In the embedded object space, Java faces more competition from Flash than it does from .NET. Flash is at least as widely distributed as IE. Flash also, IMO, is more powerful than Java with respect to applets. Once again, I don't think this ruling is really going to change anything.
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