Roger's Information Security Blog has a short piece on the new Java update, v4. The real attraction is the links, which centralize information and opinion on it for your convenience.
No one is sure whether or not this update is all that important. In such a circumstance, I tend to install quickly, as if it were important, to err on the side of caution. I guess you should, too.
Jack
From poking around the Java sites, the JRE (Java Runtime Environment) is still at Java 6 Update 3. What has gone to Java 6 Update 4 is the JDK (Java SE Development Kit - the SE is Standard Edition vs EE for Enterprise and ME for Mobile,) which includes the JRE as well.
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