I came across a new project by sun people called "Semplice", which they claim as VB for the Java platform.
If it is true then the advantage of the Semplice Basic is,code from semplice will be compiled into Java classes, you get the benefit of "compile once, run everywhere".
Good Competition for .NET Framework by microsoft.
Check these for more info
blogs.sun.com
www.sitepoint.com
vbwire.com
blogs.zdnet.com
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