On its own, the features specifically for Java 17 aren't obviously that compelling, but the important thing is that Java 17 is an LTS, the last one of which was Java 11, 3 years ago. Since many organizations, including mine, stick to LTS releases, that means a lot of developers will get a big change in what they can do sometime in the next few months as they upgrade to the LTS. Among other things, this means that we…
That's not _strictly_ true.
Java 17 is a release of the reference implementation, but there are a number of distributions from a variety of vendors.
Oracle are going to provide long term support for their distribution, and it sounds like many will follow their lead. (If you are going to provide LTS it would be a little perverse to be out of sync with other providers of the same software)
So, for all practical purposes, it is an LTS. But check with your vendor.