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jRate is a real-time Java compiler and runtime system (based on GNU GCJ) with support for much of the Real-Time Specification for Java (RTSJ), including threading constructs with real-time constraints, asynchronous event handling, and memory regions.
PowerMSX is a modern assembler/debugger/simple C interpreter/compiler for the Z80 computer based MSX. This assembler and C interpreter/compiler will be much better/easy than the actual m80/l80 assembler (then only free available for Z80 - MSX).
The Wolfram Machine project is an effort to create a set of documentation and useful modules (both hardware and software) for a computing architecture based on the mathematical theories presented in Steven Wolfram's book _A_New_Kind_of_Science_.
The OS561 operating system based around FORTH/Java. The OS is to run on a VHDL chip OpenHardware design called the Minon, but could become available for other platforms. The unique point of the design is a revolutionary data compression technology.
A Virtual Machine Linux appliance (for Virtualbox). This Fedora Remix puts emphasis on Java based applications. Includes OpenOffice.org, OpenJDK, browser plug-ins (IcedTea), and popular Java based applications like Azureus/Vuze, jEdit, and more.