AWT was the first try on UI for Java, later Swing provided a better alternative because they use "light" components ( the component draw the UI them selves instead of relaying on native code ) and those light components were way lot flexible and maintainable then AWT.
AWT still has it's place as the underlying "technology" that interface Swing and the OS ( JComponent inherits java.awt.Container after all) , so, its place in the low level of UI. For instance, things like translucency, shapes etc. are placed in AWT package and they are used by Swing components.
New platform UI features will be added to Java in the following releases and many of them will be added to the java.awt. package.