Is this the right time to go for a scjp certification?With Oracle being the authority won't SCJP lose its value as and when OCJP gets announced instead of the former? my worry is will one be able to go for the next level like SCWCD, once the change is brought about by oracle?
The initials shouldn't make much difference. SCJP, OCJP, both offer something objective that can enhance a beginners resume.
SCJP and all Java-related certifications are still highly considered by employers, so you can safely go for it. If Oracle changes the certification name or even cancels it, who cares ? It's like driving a car that's not sold anymore : it still works, and you still know how to drive.
I'd further add that in the certification process, the certification itself is not the most important : what's really important is that you learned something along the way. You'll feel more confident, use more elegant structures in your code, and understand other's code (eg popular frameworks' code) more easily.
So : GO FOR IT !
Olivier (SCJP5 certified, score 100%)