The trial is not over, of course: Alsup will probably rule on damages himself, and there’s still his ruling on the copyrightability of application programming interfaces to come sometime next week. That API ruling is now arguably the most important remaining part of the case.
Industry reaction has been generally positive for Google, since many seemed to view Oracle’s attempt to sue Google as a way to get their piece of the Android pie. Many postulated that an Oracle win in this case would also irreparably harm Java; since a litigiously successful Oracle on the prowl for Java royalties might discourage many developers from even touching Java.
But the positive reaction to the second-phase decision is not universal: James Gosling, the inventor of Java once employed by Sun Microsystems and Oracle, was less than thrilled.