I must have missed the excitement in the room, because when they revealed the new Java logo there was a lack of, well, anything.  Overall the message that I heard was a rehash of much of what was said last year.  The promise of language innovations in 1.5 and the performance improvements in 1.4.

The only real "announcement" that I saw (besides a marketting campaign for the new logo) was that Sun has decided to produce the One - that is One Community, One Platform, One Architecture, One Network, and One Java.  What a change from the old Sun that used to preach "interoperability" - now they are interoperable, as long as you are running Java.

Maybe they just watched the Matrix one too many times?