The following block in Dialog.show():

    try {
        EventQueue eventQueue = Toolkit.getDefaultToolkit().getSystemEventQueue();
        secondaryLoop = eventQueue.createSecondaryLoop(cond, modalFilter, 0);
        if (!secondaryLoop.enter()) {
            secondaryLoop = null;
        }
    } finally {
        modalityPopped();
    }

should be wrapped to a doPrivileged() block as getSystemEventQueue() is protected with a permission:

Exception in thread "AWT-EventQueue-1"
java.security.AccessControlException: access denied
("java.awt.AWTPermission" "accessEventQueue")
	at
java.security.AccessControlContext.checkPermission(AccessControlContext.java:366)
	at
java.security.AccessController.checkPermission(AccessController.java:555)
	at java.lang.SecurityManager.checkPermission(SecurityManager.java:549)
	at
java.lang.SecurityManager.checkAwtEventQueueAccess(SecurityManager.java:1415)
	at java.awt.Toolkit.getSystemEventQueue(Toolkit.java:1730)
	at java.awt.Dialog.show(Dialog.java:1070)
	at javax.swing.ColorChooserDialog.show(JColorChooser.java:720)
	at ColorChooserDemo$1.actionPerformed(ColorChooserDemo.java:131)
	at
javax.swing.AbstractButton.fireActionPerformed(AbstractButton.java:2018)
	at javax.swing.AbstractButton
$Handler.actionPerformed(AbstractButton.java:2341)
	at
javax.swing.DefaultButtonModel.fireActionPerformed(DefaultButtonModel.java:402)
	at
javax.swing.DefaultButtonModel.setPressed(DefaultButtonModel.java:259)
	at
javax.swing.plaf.basic.BasicButtonListener.mouseReleased(BasicButtonListener.java:252)
	at java.awt.Component.processMouseEvent(Component.java:6503)
	at javax.swing.JComponent.processMouseEvent(JComponent.java:3321)
	at java.awt.Component.processEvent(Component.java:6268)
	at java.awt.Container.processEvent(Container.java:2213)
	at java.awt.Component.dispatchEventImpl(Component.java:4859)
	at java.awt.Container.dispatchEventImpl(Container.java:2271)
	at java.awt.Component.dispatchEvent(Component.java:4685)
	at
java.awt.LightweightDispatcher.retargetMouseEvent(Container.java:4816)
	at
java.awt.LightweightDispatcher.processMouseEvent(Container.java:4476)
	at java.awt.LightweightDispatcher.dispatchEvent(Container.java:4406)
	at java.awt.Container.dispatchEventImpl(Container.java:2257)
	at java.awt.Window.dispatchEventImpl(Window.java:2713)
	at java.awt.Component.dispatchEvent(Component.java:4685)
	at java.awt.EventQueue.dispatchEventImpl(EventQueue.java:707)
	at java.awt.EventQueue.access$000(EventQueue.java:101)
	at java.awt.EventQueue$3.run(EventQueue.java:666)
	at java.awt.EventQueue$3.run(EventQueue.java:664)
	at java.security.AccessController.doPrivileged(Native Method)
	at java.security.ProtectionDomain
$1.doIntersectionPrivilege(ProtectionDomain.java:76)
	at java.security.ProtectionDomain
$1.doIntersectionPrivilege(ProtectionDomain.java:87)
	at java.awt.EventQueue$4.run(EventQueue.java:680)
	at java.awt.EventQueue$4.run(EventQueue.java:678)
	at java.security.AccessController.doPrivileged(Native Method)
	at java.security.ProtectionDomain
$1.doIntersectionPrivilege(ProtectionDomain.java:76)
	at java.awt.EventQueue.dispatchEvent(EventQueue.java:677)
	at
java.awt.EventDispatchThread.pumpOneEventForFilters(EventDispatchThread.java:211)
	at
java.awt.EventDispatchThread.pumpEventsForFilter(EventDispatchThread.java:128)
test/java/awt/Dialog/ModalDialogPermission/ModalDialogPermission.java 
still failed on Mac OS X 10.7.4. the please see the attachment for the .jtr file.

It is not sure if this failure is due to another bug or the fix introduced in jdk 8 b40 is not good.
Test failed because of another bug http://monaco.us.oracle.com/detail.jsf?cr=7171776.