<APPLET> tag contains OBJECT, attribute that can be used in place of the CODE attribute to specify a serialized object file instead of a class file. When such an <APPLET> tag is encountered, the applet viewer or Web browser creates the applet by deserializing it. This is widely used technique mainly because it allows an applet to be shipped in a pre-initialized state
This feature is not working latest PIT bundles

Steps to reprodcue:
1)Install latest PIt bundles from following location
http://rehudson.sfbay/hudsonws/deploypit/bundles/
2) Try to load the following applet
http://sqeweb.sfbay.sun.com/deployment2/jitu/latest_ws_test/6/deployment/src/plugin/ALC_Enhanced/ALC_Enhanced/applethtml/PrintThreadSerialized.html
If applet fails to load by throwing following exception then bug is reproduced
java.lang.Exception: AppletLifecycle interrupted
at sun.plugin2.applet.Plugin2Manager$AppletExecutionRunnable.run(Unknown Source)
at java.lang.Thread.run(Unknown Source)
Exception: java.lang.Exception: AppletLifecycle interrupted
Ignored exception: java.lang.Exception: AppletLifecycle interrupted
Applet2Manager.getJarFiles() for applet ID 1 Jar Files:null
PluginMain.StartAppletListener: appletErrorOccurred for applet ID 1
Exception in thread "thread applet-null-1" java.lang.NullPointerException
at sun.awt.SunToolkit.postEvent(Unknown Source)
at com.sun.deploy.uitoolkit.impl.awt.OldPluginAWTUtil.invokeAndWait(Unknown Source)
at com.sun.deploy.uitoolkit.impl.awt.AWTAppletAdapter.runOnEDT(Unknown Source)
at com.sun.deploy.uitoolkit.impl.awt.AWTAppletAdapter.switchToApplet(Unknown Source)
at sun.plugin2.applet.Plugin2Manager$AppletExecutionRunnable.run(Unknown Source)
at java.lang.Thread.run(Unknown Source)