user1361991 > I like your evil option but I cannot comment it since I am still a newbie here. Anyway, I thought it deserved a little enhancement since I find it lacks the stderr and stdout redirection.
String currentPath= MyClass.class
    .getProtectionDomain()
    .getCodeSource().getLocation()
    .toURI().getPath()
    .replace('/', File.separatorChar).substring(1) ;
if ( args.length == 0 && Runtime.getRuntime().maxMemory()<512*1024*1024) {
    Process p= Runtime.getRuntime().exec("java -jar -Xmx512M " + currentPath + " restart") ;
    new StreamGobbler(p.getInputStream()).start() ;
    new StreamGobbler(p.getErrorStream()).start() ;
    p.waitFor() ;
    return ;
}
and the StreamGobbler source (probably retrieved from somewhere on the Internet to be honest and modified a little, I can't remember):
public class StreamGobbler
    extends Thread
{
    public StreamGobbler( InputStream is )
    {
        this(is, System.out) ;
    }
    public StreamGobbler( InputStream is, PrintStream ps )
    {
        this.is= is ;
        this.ps= ps ;
    }
    private final InputStream is ;
    private final PrintStream ps ;
    @Override
    public void run()
    {
        try {
            InputStreamReader isr= new InputStreamReader(is) ;
            BufferedReader br= new BufferedReader(isr) ;
            for ( String line ; (line= br.readLine()) != null ; ) {
                ps.println(line) ;
            }
       }
       catch ( IOException ioe ) {
           ioe.printStackTrace() ;
       }
    }
}