"On November 13, 2006, Sun released much of Java as open source software under the terms of the GNU General Public License (GPL). On May 8, 2007, Sun finished the process, making all of Java's core code available under free software/open-source distribution terms, aside from a small portion of code to which Sun did not hold the copyright."
If Sun willingly made the code GPL licensed, and Google isn't using anything outside the GPL code, even if some of the technologies were covered by patents I don't see Oracle having a case. Right now, this sounds very much like the SCO - Linux suit that dragged on forever and went nowhere.