It looks to me like a reasonable description of the current state of
the Java platform.
   • Oracle will direct Java innovation...
   Java innovation under Sun was rapidly running out of steam with
version 7 was being
   repeatedly delayed and the new functionality reduced.  Such new
functionality as is
   being added to Java is no longer market leading but market catch-
up.  Oracle can't do worse.
   • OpenJDK is not fully open.
   I'm no open source expert but even I can see that a fully open
source version of Java has yet to be delivered.
   • The JCP is dying.
   Dead, I would say although perhaps undead is a more appropriate
description since is has
   become so animated recently.
   • Competition will shift to frameworks.
   Yep.
   • Fewer young developers will learn Java first.
   Java's greatest strength comes from it currently being the lingua
franca of software development but it's
   declining rapidly on the client and there are many better languages
around for beginners.

As mentioned in previous answers, there are several things that he
left out but the stuff he did mention is a reasonable (thought not by
any means the only) take on the current state of play.

Which parts of the article do you think are FUD?

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