not so sure. Oracle certification is a lot more valuable (in general) than is Sun certification.
It's of course also a lot tougher (which makes it more valuable), so it really removes the incompetents who just grind their certification cheatsheets.
If it gets tougher than nothing like it because I've seen a lot of SCJPs who couldn't answer the very basic of the questions. Making it tough enough or even very tough causes very few, only the very deserving ones, pass the exam. This again adds to the value.