I've been working on Semantic font-lock for Java using CEDET Semantic infrastructure which uses Wisent incremental parsing under the hood. So far the results look promising. Hence I'm sharing the same.

It uses following face definitions for highlighting.

(defvar semantic-format-face-alist
  `( (function . font-lock-function-name-face)
     (variable . font-lock-variable-name-face)
     (type . font-lock-type-face)
     ;; These are different between Emacsen.
     (include . ,'font-lock-constant-face)
     (package . , 'font-lock-constant-face)
     ;; Not a tag, but instead a feature of output
     (label . font-lock-string-face)
     (comment . font-lock-comment-face)
     (keyword . font-lock-keyword-face)
     (annotation . font-lock-builtin-face)
     (constant . bold)
     ;;(member . font-lock-member-face)
     (abstract . italic)
     (static . italic)
     (documentation . font-lock-doc-face)
     )

Code: Emacs customization (https://gitlab.com/atamariya/emacs/tree/dev)