Java the last perfect compiled language?

With the spectrum of computer programming quickly shifting from individual application installs to a server client orientation, do compiled languages have a place in the future? If any of them do, I think Java does. Of course there are a vast number of programmers that do not code Java, but under the new standards we are facing for optimal efficiency in both configuration/setup and running environment application, will these languages provide a feature set/ functionality to compete with the universal scripting languages of the web, or the virtual machine environment (supported on most OS's) that Java runs on. Either way the next 5 to 10 years will tell, and I expect the results to be interesting.