This week's book giveaway is in the OO, Patterns, UML and Refactoring forum. We're giving away four copies of Refactoring for Software Design Smells: Managing Technical Debt and have Girish Suryanarayana, Ganesh Samarthyam & Tushar Sharma on-line! See this thread for details.
Have you found a solution for this problem? I am having exactly the same problem.
I have checked my javapolicy file syntax several times to make sure that it is not my mistake.
I am pretty sure, everything is according to the spects as described on Sun's website.
However, adding a codebase after "grant" command makes all permissions disabled for some reasons.