TZF - Java vs .NET

I know this is a Topaz ListServer, but y'all are a nice
bunch of folks and likely can shed some light on this
subject.

One of Java's main claims to fame is that it is machine-independent
because of this pseudo-code and Java Virtual Machines.  My 
understanding of  .NET  is that it is (or will be) machine-independent.
Does that mean that Java is likely to become much less popular
when a first-class compiler (read Delphi) implements the .NET 
standard fully??

Thanks for any help in understanding this issue.
Bob Watson

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