Apple has released Java for Mac OS X 10.7 Update 1 and Java for Mac OS X 10.6 Update 6. In both cases, the updates address about a dozen security vulnerabilities, including one that could allow an untrusted Java applet to execute arbitrary code outside of the Java sandbox. (Free, 62.53 MB and 75.45 MB)
Expand Finder Columns Quickly
Column view in the Finder is great for navigating through your disk's hierarchy, but the columns often aren't wide enough to show the full names of all the files. To expand a column to a width that will show all file names in their entirety, double-click the handle that you would normally drag to expand or shrink the column. To expand all the visible columns to that width, Option-double-click the handle.
Java for Mac OS X 10.7 Update 1 and Java for Mac OS X 10.6 Update 6
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Comments about Java for Mac OS X 10.7 Update 1 and Java for Mac OS X 10.6 Update 6
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All that said, unless you actually use Java much, or run into Java on the Web a lot, this Java update probably isn't a really important thing to have.