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Minimize sharing data between threads, that should be end goal.

Extensive use of Queue in low latency application can jeopardize your performance goal, as there is always contention. Queue's can be major source of latency in multi-threading environment. So use former, if you need bounded queue functionality otherwise simply use LinkedBlockingQueue. I think most important difference between ArrayBlockingQueue and LinkedBlockingQueue is that former is bounded and later is unbounded. How do you know if BlockingQueue is thread-safe and doesn't allow null elements? Did you ran any test? Also it's worth mentioning that take() remove objects from head of the queue put() method blocks if BlockingQueue is full.

Javin transient vs volatile That's Indeed typo. Should be 'put() method of BlockingQueue will block if Queue is full.' 'take() method of BlockingQueue will block if Queue is empty and put() method of BlockingQueue will block if Queue is empty.' I think there is a typo in the following statement:

Java queue fixed size