Code names like 'Mustang' and 'Dolphin' will be dropped in favour of a new project naming scheme based around the company's new open source model, previously reported by us here.
Ray announced the news via the following poetically written statement: "So with some sadness, we're walking Mustang out from her stable one last time to let her roam free in the meadows and we're opening the gate so Dolphin can return to the sea. Code names come and go and it's time to move on to our bright new future."
In other Java related news, Ray announced the release of JDK 7 (formally 'Dolphin') build 1 from the Java binary site. This will be shortly followed by a publicly accessible Subversion repository of JDK 7 code. µ
See Also
Sun shines on Java open source
Grind up Enterprise Java
Death knell for J5EE sounded too early
Java Enterprise may be stone dead soon
Sun will open source Java "in months"