Did you know about this project? Apparently it's associated with Red Hat. These guys are developing the Java API from scratch. Since Sun isn't making it open source, they are doing the next best thing.
Dyou think this is good or bad for Java? I doubt it will have much impact. Java is already available on a plethora of platforms and all the source for the APIs is available if you're curious. I don't see much benefit in this project cause any "forking" they do won't run on other Java VMs. And that will prevent many people from using it cause the cross platform bit is a big point for Java.
I guess the rational behind this project is that the JCP doesn't really listen to the "small guy". Only big companies have a voice. So with this anyone can include their 2 cents.