Further for java.util.Timer, at least in Java 6:
"After the last live reference to a Timer object goes away and all outstanding tasks have completed execution, the timer's task execution thread terminates gracefully (and becomes subject to garbage collection). However, this can take arbitrarily long to occur. By default, the task execution thread does not run as a daemon thread, so it is capable of keeping an application from terminating. If a caller wants to terminate a timer's task execution thread rapidly, the caller should invoke the timer's cancel method."
Not sure if this self-cleanup goes back to 1.4 though.