It is a real threat, even tho they claim to have it fixed, I would not trust it. No Antivirus software seems to detect it.
You can get WinForce and block all Java on the fly. www.winforce.net
Only use Java.exe when you need it. Do not let other programs run it without you knowing.
Looks like Flash Player Plugins could be next. I hope to have a REAL fix for that soon.
Don't trust the New Internet fixes that have been released. I looked at some of them and they are no better than the old.
The new fix could even include better spyware, watch were you get the fix from.
It is best just to block Java, unless you really need to use it.
Many MS programs use Java now, And WinForce works good to block any BS software on the fly with 1 click of a button.
Java is needed for a lot of things (even some Antivirus software). Hackers love it, Granddaddy Sam does also.