It takes time to make such a fundamental, but backwards compatible change for 10 million developers... Nobody wants Python 2 -> 3...
It looks like there were some experiments and prototyping out of Valhalla from 2014-2018 (including a publicly available build: https://jaxenter.com/java-value-type-163446.html ), but there doesn't seem to be any updates since then
[1] https://github.com/openjdk/valhalla/ [2] https://mail.openjdk.java.net/pipermail/valhalla-dev/
Oracle (Brian Goetz in particular) regularly gives talks and interviews and publishes updates.
There was even a link on this site a couple weeks ago: https://news.ycombinator.com/item?id=28364500