Well, the JavaOne 2006 is just started and the keynote is underway with a new Sun CEO at the helm. Some interesting things: Sun announced that Java will be open sourced- "the question is how, not if". The key concern for Sun is to maintain compatibility while going open source..
Other than that, it was somewhat less exciting than earlier years- some demos-
* A Ruby-esque demo for a blogging system
* A Web services demo
* A Google maps mashup with a 'boss mode' button
* .... and the Java petstore lives. A reworked demo with a lot of Web 2.0 features thrown in, along with Java EE 5 style persistance
Besides the demos, there were visits on stage from Mark Fleury (JBoss, soon to be Redhat), Mark Shuttleworth (Ubuntu CEO, and part time cosmonut), and others whose names I can't recollect right now.
Stay tuned for more reports!