> I know there's applets and servlets, are both going to 
> be useless in 
> the future? maybe I should learn Microsoft's version of Java?

It means IE wont run Java applets by default ('microsoft virtual machine').
Nothing stopping applications prompting you to download a VM-plugin or
something, like CF5 does for the cfform components.
 
> What does this mean for NEO since I heard its going to a 
> completely Java 
> based platform

Well, it's written in Java and run through a servlet server, so will be
uneffected.

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