Dynamic languages are on the rise and there are plenty of them: e.g. Ruby, Groovy, Jython, Scala (static, but has the look and feel of a dynamic language) etc etc. My background is in Java SE and EE programming and I want to extend my knowledge into one of these dynamic languages to be better prepared for the future.
But which dynamic language should I focus on learning and why? Which of these will be the preferred language in the near future?
Learning Ruby or Python (and Scala to a lesser extent) means you'll have very transferrable skills - you could use the Java version, the native version or the .NET version (IronRuby/IronPython). Groovy is nice but JVM-specific.
Being "better prepared for the future" is tricky unless you envisage specific scenarios. What kind of thing do you want to work on? Do you have a project which you could usefully implement in a dynamic language? Is it small enough to try on a couple of them, to get a feeling of how they differ?
JScript is quite usefull, and its certainly a dynamic language...
In the game industry Lua, if you're an Adobe based designer Lua is also good, if you're an embedded programmer Lua is practically the only light-weight solution, but if you are looking into Web development and General tool scripting Python would be more practical
If you want a language with a good number of modules (for almost anything!), go for Perl. With its CPAN, you will always find what you want without reinventing the wheel.
I would take a look at Scala. Why ?
My (entirely subjective) view is that Scala seems to be getting a lot of the attention that Groovy got a year or two ago. I'm not trying to be contentious here, or suggest that makes it a better language, but it seems to be the new JVM language de jour.
As an aside, a language that has some dynamic attributes is Microsoft's F#. I'm currently looking at this (and ignoring my own advice re. points 1 and 2 above!). It's a functional language with objects, built on .Net, and is picking up a lot of attention at the moment.
Scala is not a dynamic language at all. Type inference doesn't mean that its untyped. However, Its a very nice language that has nice mixture of OOPs and functional programming. The only problem is some gotchas that you encounter along the way.
Since you are already an experienced Java programmer, it will fit nicely into your skillset. Now, if you want to go all the way dynamic both Ruby or Python are awesome languages. There is demand for both the languages.
I would personally recommend Clojure. Clojure is an awesome new language that is going in popularity faster than anything I've ever seen. Clojure is a powerful, simple, and fast Lisp implemented on the JVM. It has access to all Java libraries of course, just like Scala. It has a book written about it already, it's matured to version 1.0, and it has three IDE plugins in development, with all three very usable.
I'd recommend Python. It has a huge community and has a mature implementation (along with several promising not-so-mature-just-yet ones). Perl is as far as I've seen loosing a lot of traction compared to the newer languages, presumably due to its "non-intuitiveness" (no, don't get me started on that).
When you've done a project or two in Python, go on to something else to get some broader perspective. If you've done a few non-trivial things in two different dynamic languages, you won't have any problems assimilating any other language.
I found Groovy to be a relatively easy jump from an extensive Java background -- it's sort of a more convenient version of Java. It integrates really nicely with existing Java code as well, if you need to do that sort of thing.
i would vote +1 for Groovy (and Grails). You can type with Java style or Groovy still (you can also mix both and have no worry about that). Also you can use Java libs.
Well keeping in mind your background, i would recommend a language where the semantics are similar to what you are aware of. Hence a language like Scala, Fan, Groovy would be a good starting point.Once you get a hang of the basic semantics of using a functional language(as well as start loving it), you can move onto a language like Ruby. The turn around time for you in this way gets reduced as well as the fact that you can move towards being a polyglot programmer.