I would not put everything on the same line, but I admit to putting the opening bracket on the same line. In fact, I consider the other variant extremely ugly. Just consider

  if(...)
  {
    ...
  }
  else
  {
  ... 
  }

vs

  if(...) {
    ...
  } else {
    ...
  }

I can't for the life of me understand why someone would want to move the bracket to the new line ;-) It's just empty (wasted) space without any meaning. I can see the control blocks with the tighter version just fine, plus, it's the Sun Coding Convention for Java. But it's really a fruitless discussion...