Does anyone know when realtime java will be reality, what is being done about it.

very soon, it''s already undergone it''s first release. There''s just a final proposal, then a final draft left.I would say that it will be done by late august (just a guess). But that''s just the spec, any implementation will take a little longer.

http://java.sun.com/aboutJava/communityprocess/jsr/jsr_001_real_time.html