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The license will be one that THEY can rightfully use. You maybe unware that not all of Java is written by Sun. So the license that choose will also depend on how much other people would like to release.
Sun would like to use GPL (I assume you are a GPL fanboy) as they have done in many other projects, but GPL is a problem if not all code is releasable.
I would not define what they need to do is playing around. Java is not a "Hello World" sized app, therefore it takes time to make sure that any license changes they are doing is legal. Personally, I don't care what license they use, though it would be a nice sideshow if it is not GPL 
All of Sun's open source licenses are OSI approved last I checked. This makes them "free" licenses. They just are not viral, and are not compatible with viral licenses, such as the GPL. This will not "prevent" GNU/Linux distros from shipping with it, that is a choice those distributions make. Get your facts straight before you spew false information.
As for being a "bleargh" language, I'm not quite sure what you're trying to say - but it does seem you are trying to be negative. Bleargh back to you, and what is YOUR language of choice? Arguments can be made that ALL programming languages are "bleargh" <-- whatever this means.
j2me implementations are all broken in various and different ways that make deployment of non-trivial applications a nightmare. This negates the write once, run everywhere proposition.
Licenses aside, this will be an opportunity to fix the reference implementation and make for a much stronger compliance testing.
See http://www.advogato.org/person/robilad/diary.html?start=103 for the details.



