IMO, cloud computing is about "stuff" as a service. In the case of software as a service, the java programs can run on web and application servers in the cloud. With this, there is no need for a standard -- the
JEE standard should be fine. For other types of software services, such as office tools, etc., Java doesn't really apply. In the case of database as a service or storage as a service, I don't think there is much play for Java either. And in the case of infrastructure as a service, you can run anything that you want. So, you can run any JVM in the VM provided by the service, and hence, any of the Java standards are fine.
In other words, I don't see a need for a new cloud specific version of Java.
Henry