Xilinx Inc. (San Jose, Calif.) has released the LavaCore Java soft 32-bit processor core, which targets embedded Java applications and such smart Internet appliances as wireless phones, set-top boxes, ...
Back in the early 1.5 days, yeah, the JVMs were buggy for us. Since we've been using late 1.6 VMs from Sun -- it's been fine. No issues whatsoever.