Why does every single application insist on installing a completely
useless icon into the system tray? It would be one thing if it
performed some function, but it doesn't do anything that you can't do
from your control panel. The least they could have done is have a
dialog during the setup process that says "Would you like a useless
icon in your system tray?"
Anyway, let's get to removing that Java icon… if the icon is
currently visible, you can just right-click it and open the Control
Panel from there, but you'll get a warning dialog when running Vista.
If the icon isn't currently visible, you can still get to the Java
control panel by going to the Vista (or XP) Control Panel and looking
for the Java icon. On Vista, you'll have to first click on Additional
Options:

And then click on Java:
Now go to the Advanced tab, click on Miscellaneous and then uncheck "Place java icon in system tray"
Much better.
Note that the currently displayed icon won't go away immediately, you'll have to right-click and choose Hide.
Note: For more Windows Vista Tips, Tricks & Tweaks.