Newest post on how to install Oracle JDK 8 / Java SE 8 on Mac OS X 10.10 Yosemite can be found here.
At the time of this writing, there is no official release of Java SE 7 / Oracle JDK 1.7 on Mac OS X. It is still in developer preview based on Apple’s contributions to OpenJDK. The Developer Preview is provided to the community so that the developers can get feedback on the ongoing progress of the project. The developer preview should work on any Intel-based Mac and has been tested on Mac OS X 10.6.8 (Snow Leopard) and 10.7 (Lion).
Installing JDK 7 on Mac OS X. Join the DZone community and get the full member experience. You're going to want to point that to the new JDK, which javahome tells us is located in. After installing Java for macOS 2012-006, can I continue to use Apple's Java 6 alongside the macOS JDK for Java 12? If you want to continue to develop with Java 6 using command-line, then you can modify the startup script for your favorite command environment.
UPDATE
Oracle has launched the official Java SE 7 for Mac OS X 64-bit platform. You can download it from here.
This tutorial shows you how to install Java SE 7 Developer Preview on Mac OS X 10.7.2 Lion running on my MacBook Pro.
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1. Download the Oracle JDK7 Mac OS X port dmg file from here. At the time of this writing, the version of the JDK7 is Oracle JDK7 build b223 released on December 23, 2011. The dmg file name is jdk-7-ea-macosx-b223.dmg
2. Create a JavaVirtualMachines folder under /Library/Java if it doesn’t exist.
In my case, the JavaVirtualMachines is already there so I don’t need to create it manually.
3. Open the jdk-7-ea-macosx-b223.dmg file by double-clicking on it. Then drag the JDK 1.7.0 Developer Preview icon in the left side to the JavaVirtualMachines icon folder in the right side.
4. Go to /Library/Java/JavaVirtualMachines directory using Finder application. Then double-click the ‘JDK 1.7.0 Developer Preview’ icon. This will open the Java Preferences window. Here you can change the preferred order of the installed Java platforms by dragging it up or down. Make sure the Java SE 7 is in the preferred order or you can simply deselect the Java SE 6 version.
5. Now issue the ‘java -version’ command in the terminal window to verify.
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6. Done