No. Partly because Java has become more efficient. Mostly because of Moore's law and similar increases in computing power. In 1995, the year Java came out, I bought a relatively powerful [1] but not top end computer: 486DX2 66mhz, 8MB RAM, 340MB HDD. It was almost ten years before I had a computer with enough RAM [2] to make Java applications merely something I tried to avoid all things being equal rather than clearly painful.

[1]: Fine for ACAD r11 because it was written in C or lower. Back then it really mattered, but it was also $2000 for the big box of floppies.

[2]: 1GB -- more than two orders of magnitude more ram.