I am worried.
First, they discarded Java 1.5 on Snow Lepoard, so development tools, people actually payed for, won't run anymore without major hacking around in System directories.
Now, they basically cease to support Java altogether.
If another company, i.e. Oracle wants to continue providing a JVM for the Mac, they'll have to go through all the pain of getting the GUI libraries to actually work on Mac OS. Again.
The last time this took years to finally make (most) applications work (more-or-less) without broken menus, weird dialogs with text labels not fitting into them etc etc.
I find this an incredibly arrogant and stupid move alienating people who have to work with Java (even if they don't really want to) but prefer working on the Mac.
Maybe nobody actually told them that people like me really exist... those who dare to develop in Obj-C and *gasp* use Java IDEs for other parts of projects.
If you want to develop with WebObjects, you'll use Eclipse which needs Java. I really wonder what the people at Apple who work on the AppStore are going to use.
The AppStore runs on Webobjects. In Java. Not iMagicServerThingy...