How to disable Java Security Warning "The application requires an earlier version of Java."
1) Close all browsers
2) Open the Java Control panel (Start->Control Panel->Java).
3) Open the Advanced tab.
4) Expand the Java Plug-in tree option.
5) Ensure that the "Enable the next-generation Java Plug-in" option is NOT checked and click OK.
6) Visit your page again.
7) You should see no more security warning
Reference:http://www.google.com/support/forum/p/Chrome/thread?tid=0400d7ad538eee55&hl=en