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I'm rather disappointed to see that Ubuntu's stuck at openjdk-7-jdk:amd64 7u9-2.3.3-0ubuntu1~12.10.1 currently.

At least OpenJDK doesn't include 0-day exploits featured in Oracle's JVM. You don't need the update this instant.

Oracle JVM is based on OpenJDK now. The difference is in the IcedTea plugin, which is lacking a lot of features.