It’s finally here as you can see in Free and Open Source Java.
The key behind moving to the GPL is to drive more volume and more adoption for the platform. The GPL helps get Java into some markets that it hasn’t served as fully as it should - such as educational markets, governments in the developing world, and some commercial customers - as well as, obviously, some distributions of Linux which insist not on Linux-friendly licenses but on actual GPL licensing.
GPLv2 was chosen over GPLv3 for fairly obvious reasons: GPLv3 isn’t finished yet! Sun is, they said, working with the FSF on defining GPLv3.
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