Pycharm fails to open under OSX Yosemite 10.1

I have downloaded  the latest version of PyCharm Lite  3.4.1 and it fails to open under Yosemite. It was working find under Maverick. Anybody have a solution to this?
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any update on this? I am having the same problem I just updated to OS X Yosemite and its telling me I need to install java 6 which is not an option. by the way Awesome products will be using Sublime Text for now :(

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