To fix you simply need install Java SE 8 and create two directories that Adobe CS 5 is looking for to check for Java.  That is it.
To create the directories in the /System folder you need to enable Rootless mode first and reboot.  Instructions below:
- Download the Java SE 8 DMG from http://www.oracle.com/technetwork/java/javase/downloads/jre8-downloads-2133155.html and install.
- In terminal enter the following to turn off rootless and then reboot: sudo nvram boot-args=”rootless=0″
- In terminal enter these 2 lines: sudo mkdir -p /System/Library/Java/JavaVirtualMachines/1.6.0.jdk
- sudo mkdir -p /System/Library/Java/Support/Deploy.bundle
- Turn rootless back on and reboot again: sudo nvram boot-args=”rootless=1″
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