Applet sandbox related holes only affect applets, which most Java developers don't use. There are other vulnerabilities from time to time, but the bulk are related to the browser plug in applet sandbox and related deployment exploits.
Off the top of my head Twitter, Google, Amazon and most of the largest Internet services use Java/JVM on the web...
Ok well, compare it to software projects on the same scale. When you're talking about an installed base of hundreds of millions across a variety of platforms things get a little complicated.
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