That last was a jab at all the people who always say "Java is dead", "C++ is dead", "<name your language> is dead"
Cobol has been around for about 40 years now, and is still in largescale use today. I'd not be surprised at all if Cobol is still around when both Java and .NET are dead and forgotten.
Whereas both Java and .NET are used to create flashy internet and desktop applications (which typically have a short shelf life, they get replaced within a few years at most usually), Cobol runs the mainframes and supercomputers. Those applications are built to last, and run (with maintenance and upgrades for new and changed functionality) for decades almost uninterrupted.
They run so well in fact that there's no reason to shoulder the extreme cost of replacing them with something "more modern" (usually meaning Java or C++).
I was involved in one such massive Cobol project. The software had originally been created by another company some decade before we purchased it in 1992 (that was before I came on board). Last I heard (2003) it was still in active use and still being developed. That's 20 years for a single application, running on the same hardware all the time (ok, with upgrades to the hardware, adding harddisks and CPUs of course).
We were asked at one point by the customer to calculate the cost (in time and money) to replace the application with one created in C++.
We estimated it would take about 2 years and 60 million dollars to write and test the replacement application to fully replace the existing one. During that period maintenance and development (to enable new products and services for the customer that they were constantly adding) would require another 30 million.
They decided to increase our project budget from 15 million a year to 20 million instead so we would have money to train people to program Cobol ourselves (as they are getting hard to find on the open market).