Oracle Reports is here to stay as well, there is lots and lots of money and people time invested in that product. The new release makes it more easy to hide the sequential number in the URL created, now you can say "lets do it random" so it is more hard to guess. In previous releases you could easily see other reports by just decrease the seq nr in the URL by one. If the report was there you could see it.
Also, the JVM is the same JVM as the Forms process, so there is performance gains to do if you are calling Reports from Forms. Most of us still do... And further, there is no need to pass the password anymore to the Reports call. That is taken care of.
Demo App for REST enabled SQL
8 months ago