Now, you can finally say: It is OK to be a social startup and not be based out of San Francisco.

or just wait for Java 8(coming in 2013); java 8 supposedly cuts down a lot verbosity and is sprinkled with functional programming features.

I think you can use Java 8 features in the latest build of the JDK. Not sure, though.

Java 8 (coming out in 2013) is going to be sprinkled with functional programming features....

...with emphasis on the sprinkled. No partial function application, for example.