The smart money might be to retrench. One position they would have to look at is simply dumping Java entirely. You wouldn't even have to break covenants with the Whyte Court. Developers of Internet products are going to have to start contingency planning. The smart ones will be doing this now, as you read this.
Standards are all-important in the programming world.
This can't be minimized. Competing standards in a programming language will either kill it outright, else cause spin-offs to distinct languages or dialects which dilute the power of the development effort. Competing standards should be fatal. A court-enforced standard is fraught with hazards for all players. There is a corporate mentality everywhere that if you can't have it your own way, sometimes it's best to just take your ball and go home.