After spending the entire day trying to figure out why the hell my HnH wouldn't run, I finally figured out that it had to do with my Nvidia card settings and NOT java.
The solution is to go into your Nvidia control panel, which can be found in your start menu.
Under the header 3D settings, click on "manage 3D settings"
Now, look for the option "Threaded Optimization". If it is set to auto, then this is the source of the problem. Change it to off.
Apply the changes and voila! Good to go!