The info on Apple's page here
Flashback malware removal tool
includes
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This update removes the most common variants of the Flashback malware. This update contains the same malware removal tool as Java for OS X 2012-003.
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This update is recommended for all OS X Lion users without Java installed.
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I think first of all, that "without Java installed" in this context means "without a Java runtime installed," which is the default configuration for Lion. Those users who do have a Java runtime installed would have been offered the "Java for OS X 2012-003" update instead, which includes the same removal tool.
Second, as to why Apple suggests you run the tool even without having a Java runtime installed - as mentioned, there is the possibility of acquiring a Flashback-K infection before a user upgraded from Snow Leopard to Lion, but there may be another reason as well.
Earlier versions of Flashback installed payloads similar to current versions, but did not use Java as a means of delivering them - they were genuine Trojans, posing as a Flash installer to get you to give your password - that's where the name came from. Apple's software tool description says "common variants [plural] of the Flashback malware, and so it may include these non-Java versions of Flashback. The removal tool offered by F-Secure behaves this way - if you look on their descriptive pages for Flashback A, Flashback-B, and Flashback-C - - all trojans which do not use Java at all - - they all link to the same removal tool that Flashback recently introduced to remove the later Java versions. It's possible that Apple's tool may also act on such earlier non-Java versions, further supporting a recommendation to use it even if a Java runtime is not installed.
You don't really need to analyze anything yourself - just install whatever Software Update suggests.