A non-event, if you ask me.
This article has the reasoning behind it (which is sound):
QUOTE
Java Runtime Environment
In 2001 Java was an important development option for porting existing applications over to Mac OS X, but as time went by Apple's Java runtime became less important to the future of Mac OS X development. By 2005 Java bindings for the Cocoa frameworks proved to be unpopular by developers and were depreciated before the release of Mac OS X 10.5 Leopard. In 2010 Mac OS X 10.6 Snow Leopard saw the depreciation of the entire Apple produced Java runtime and the introduction of the Mac App Store where Java apps would not be permitted. The writing is on the wall, the Java Runtime Environment will be removed from the default installation of Mac OS X Lion and replaced with an on-demand download. Security concerns and the continued cost of development are most likely the reasons behind this dropped feature. Look for an Oracle maintained version of Java for future versions of Mac OS X starting with Java SE 7.