Project Peabody is an initiative to provide a more collaborative development environment for future generations of the Java 2 Platform, Standard Edition (J2SE).

Project Glassfish aims to drive innovation in the J2EE/application server space, to improve developer access to J2EE sources, and increase transparency in J2EE development. It is the response to Java developers who want access to the source code and want to contribute to the development of Sun™'s next generation application server.

The presentation is here.