Argh....
Its things like this that make me despise working with ArcSDE and ESRI products. How is there two different WGS 84s? SRID 4326 (and Oracle's coordsys) are geospatial standard WGS 84 definitions.
EPSG:4326 .prj definition:
GEOGCS["GCS_WGS_1984",DATUM["D_WGS_1984",SPHEROID["WGS_1984",6378137,298.257223563]],PRIMEM["Greenwich",0],UNIT["Degree",0.017453292519943295]]
ArcGIS WGS 84 .prj definition:
GEOGCS["GCS_WGS_1984",DATUM["D_WGS_1984",SPHEROID["WGS_1984",6378137,298.257223563]],PRIMEM["Greenwich",0],UNIT["Degree",0.017453292519943295]]
These are identical definitions. How does ArcSDE get confused? How does Oracle Spatial screw up 4326?