1.7.10 Server Jar Crashes

What I expected to happen was...:
Would open server as normal, just with being updated from 1.7.9 to 1.7.10.

What actually happened was...:
The box that would normally pop up and load flashes on the screen and then disappears. Jar doesn't continue to run and server cannot be joined.

Steps to Reproduce:
1. I downloaded the latest server JAR from minecraft.net
2. mark the file as executable in its properties
3. open with Java 6 or Java 7