I applaud the general decision, but I wonder what will happen to existing blobs of serialized data. Will there be any migration tools provided?
Apart from the horrible security, what annoyed me the most with serialization is the lack of control you have over the process. There doesn't seem to be a way to access serialized data as a simple parse tree or record sequence - you have to construct objects of the actual classes. If only one class is not available or has breaking changes, there is no (built-in) way to access anything inside the blob.
This is particularly fun if you want to refactor things. Suddenly package names, class names and names of private fields (!) are part of your public interface.
So if we could drop reflection/unsafe-based serialization and instead just got a simple parser/writer for java's binary object graph format, I'd be very happy.