you may be right, I haven't read the SCJP 5 exam objectives. However I wonder that Annotations is neither a topic in SCJP 5 nor in the K&B book.
Annotations is one of the big changes that make up Java 5 at all. The K&B book has no single word on it. I'd expected at least one word why it's not covered in the book or why the exam does not cover it.
I agree that it's a big topic in the world of Java, but the team that created the SCJP 5 exam felt that it was beyond the scope of the exam. In general, we try to keep our books as focused as possible, so we seldom mention topics that are out of scope. In fact, back in the months before the K&B 5 book was published, we spent some time scrunching the book down because it was a few pages too long.
If you decide that the new SCBCD exam fits into your career path, you will see that annotations play a significant role in that exam.
Spot false dilemmas now, ask me how!
(If you're not on the edge, you're taking up too much room.)