A few weeks back I started noticing some performance issues on my IDE and decided to investigate a bit more on it: turns out that they recommended to 1) upgrade to the latest JDK (7) and stop using OpenJDK, as it has some performance gotchas.

Turns out to be a no-brainer thanks to the apt repository manager provided by flexiondotorg:
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After running it you just need to re-install all the packages:
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and tell ubuntu that the JDK version and location has changed:
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A quick check with java -version and then enjoy it!