Apple ceases its development of Java for Mac and passes its key modules to Open JDK. Java 6 is to be supported on Snow Leopard and upcoming releases of Mac OS X by Apple, Java 7 is to be delivered by Oracle.

I think that Oracle will just buy Apple's Java developers. While this decision can potentially help Java because delays with Apple shipping of Java are wideknown, I doubt Oracle will drive innovation and make slick, high-performant and integrated Java for Mac OS X.