UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13G

                    UNDER THE SECURITIES EXCHANGE ACT OF 1934
                               (AMENDMENT NO. 2)*

                                   JAMBA, INC.
                                (Name of Issuer)

                    COMMON STOCK, PAR VALUE $0.001 PER SHARE
                         (Title of Class of Securities)

                                    47023A101
                                 (CUSIP Number)

                                DECEMBER 31, 2007
                      (Date of Event which Requires Filing
                               of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:

                                [ ] Rule 13d-1(b)
                                [X] Rule 13d-1(c)
                                [ ] Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                          Continued on following pages
                               Page 1 of 17 Pages
                              Exhibit Index Page 15






CUSIP NO.  47023A101                                          PAGE 2 OF 17 PAGES


1        Names of Reporting Persons
         I.R.S. Identification Nos. of above persons (entities only)

                  SOROS STRATEGIC PARTNERS LP


2        Check the Appropriate Box If a Member of a Group (See Instructions)
                                        a.       [ ]
                                        b.       [x]

3        SEC Use Only

4        Citizenship or Place of Organization

                  DELAWARE

                            5             Sole Voting Power
Number of                                          0
  Shares
Beneficially                6             Shared Voting Power
  Owned By                                         0
    Each
Reporting                   7             Sole Dispositive Power
    Person                                         0
    With
                            8             Shared Dispositive Power
                                                   0

9        Aggregate Amount Beneficially Owned by Each Reporting Person

                                    0

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares (See Instructions)

                                    [  ]

11       Percent of Class Represented By Amount in Row (9)

                                    0%

12       Type of Reporting Person (See Instructions)

                                    PN




CUSIP NO.  47023A101                                          PAGE 3 OF 17 PAGES


1        Names of Reporting Persons
         I.R.S. Identification Nos. of above persons (entities only)

                  SFM PARTICIPATION II LLC


2        Check the Appropriate Box If a Member of a Group (See Instructions)
                                        a.       [ ]
                                        b.       [x]

3        SEC Use Only

4        Citizenship or Place of Organization

                  NEVIS

                            5             Sole Voting Power
Number of                                          0
  Shares
Beneficially                6             Shared Voting Power
  Owned By                                         0
    Each
Reporting                   7             Sole Dispositive Power
    Person                                         0
    With
                            8             Shared Dispositive Power
                                                   0

9        Aggregate Amount Beneficially Owned by Each Reporting Person

                                    0

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares (See Instructions)

                                    [  ]

11       Percent of Class Represented By Amount in Row (9)

                                    0%

12       Type of Reporting Person (See Instructions)

                                    OO







CUSIP NO.  47023A101                                          PAGE 4 OF 17 PAGES


1        Names of Reporting Persons
         I.R.S. Identification Nos. of above persons (entities only)

                  SFM AH LLC


2        Check the Appropriate Box If a Member of a Group (See Instructions)
                                        a.       [ ]
                                        b.       [x]

3        SEC Use Only

4        Citizenship or Place of Organization

                  DELAWARE

                            5             Sole Voting Power
Number of                                          0
  Shares
Beneficially                6             Shared Voting Power
  Owned By                                         0
    Each
Reporting                   7             Sole Dispositive Power
    Person                                         0
    With
                            8             Shared Dispositive Power
                                                   0

9        Aggregate Amount Beneficially Owned by Each Reporting Person

                                    0

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares (See Instructions)

                                    [  ]

11       Percent of Class Represented By Amount in Row (9)

                                    0%

12       Type of Reporting Person (See Instructions)

                                    OO







CUSIP NO.  47023A101                                          PAGE 5 OF 17 PAGES


1        Names of Reporting Persons
         I.R.S. Identification Nos. of above persons (entities only)

                  SOROS FUND MANAGEMENT LLC


2        Check the Appropriate Box If a Member of a Group (See Instructions)
                                        a.       [ ]
                                        b.       [x]

3        SEC Use Only

4        Citizenship or Place of Organization

                  DELAWARE

                            5             Sole Voting Power
Number of                                          0
  Shares
Beneficially                6             Shared Voting Power
  Owned By                                         0
    Each
Reporting                   7             Sole Dispositive Power
    Person                                         0
    With
                            8             Shared Dispositive Power
                                                   0

9        Aggregate Amount Beneficially Owned by Each Reporting Person

                                    0

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares (See Instructions)

                                    [  ]

11       Percent of Class Represented By Amount in Row (9)

                                    0%

12       Type of Reporting Person (See Instructions)

                                    OO, IA









CUSIP NO.  47023A101                                          PAGE 6 OF 17 PAGES

1        Names of Reporting Persons
         I.R.S. Identification Nos. of above persons (entities only)

                  GEORGE SOROS


2        Check the Appropriate Box If a Member of a Group (See Instructions)
                                                a.       [ ]
                                                b.       [x]

3        SEC Use Only

4        Citizenship or Place of Organization

                  UNITED STATES

                            5             Sole Voting Power
Number of                                          0
  Shares
Beneficially                6             Shared Voting Power
  Owned By                                         0
    Each
Reporting                   7             Sole Dispositive Power
    Person                                         0
    With
                            8             Shared Dispositive Power
                                                   0

9        Aggregate Amount Beneficially Owned by Each Reporting Person

                                    0

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares (See Instructions)

                                    [  ]

11       Percent of Class Represented By Amount in Row (9)

                                    0%

12       Type of Reporting Person (See Instructions)

                                    IA




CUSIP NO.  47023A101                                          PAGE 7 OF 17 PAGES


1        Names of Reporting Persons
         I.R.S. Identification Nos. of above persons (entities only)

                  ROBERT SOROS


2        Check the Appropriate Box If a Member of a Group (See Instructions)
                                        a.       [ ]
                                        b.       [x]

3        SEC Use Only

4        Citizenship or Place of Organization

                  UNITED STATES

                            5             Sole Voting Power
Number of                                          0
  Shares
Beneficially                6             Shared Voting Power
  Owned By                                         0
    Each
Reporting                   7             Sole Dispositive Power
    Person                                         0
    With
                            8             Shared Dispositive Power
                                                   0

9        Aggregate Amount Beneficially Owned by Each Reporting Person

                                    0

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares (See Instructions)

                                    [  ]

11       Percent of Class Represented By Amount in Row (9)

                                    0%

12       Type of Reporting Person (See Instructions)

                                    IA




CUSIP NO.  47023A101                                          PAGE 8 OF 17 PAGES


1        Names of Reporting Persons
         I.R.S. Identification Nos. of above persons (entities only)

                  JONATHAN SOROS


2        Check the Appropriate Box If a Member of a Group (See Instructions)
                                        a.       [ ]
                                        b.       [x]

3        SEC Use Only

4        Citizenship or Place of Organization

                  UNITED STATES

                            5             Sole Voting Power
Number of                                          0
  Shares
Beneficially                6             Shared Voting Power
  Owned By                                         0
    Each
Reporting                   7             Sole Dispositive Power
    Person                                         0
    With
                            8             Shared Dispositive Power
                                                   0

9        Aggregate Amount Beneficially Owned by Each Reporting Person

                                    0

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain
         Shares (See Instructions)

                                    [  ]

11       Percent of Class Represented By Amount in Row (9)

                                    0%

12       Type of Reporting Person (See Instructions)

                                    IA




CUSIP NO.  47023A101                                          PAGE 9 OF 17 PAGES


ITEM     1(A)     NAME OF ISSUER: Jamba, Inc. (the "Issuer").

         1(B)     ADDRESS OF THE ISSUER'S PRINCIPAL EXECUTIVE OFFICES:

                  6475 Christie Avenue, Suite 150
                  Emeryville, CA 94608

ITEM     2(A)     NAME OF PERSON FILING

     The Statement is filed on behalf of each of the following persons
(collectively, the "Reporting Persons"):

               i)   Soros Strategic Partners LP;

               ii)  SFM Participation II LLC;

               iii) SFM AH LLC;

               iv)  Soros Fund Management LLC;

               v)   George Soros;

               vi)  Robert Soros; and

               vii) Jonathan Soros.


ITEM     2(B)     ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:

     The address of the principal business office of each of the Reporting
Persons is 888 Seventh Avenue, 33rd Floor, New York, New York 10106.

ITEM     2(C)     CITIZENSHIP:

               i)   Soros Strategic Partners LP is a Delaware limited
                    partnership;

               ii)  SFM Participation II LLC is a Nevis limited liability
                    company;

               iii) SFM AH LLC is a Delaware limited liability company;

               iv)  Soros Fund Management LLC is a Delaware limited liability
                    company;

               v)   George Soros is a United States citizen;

               vi)  Robert Soros is a United States citizen; and

               vii) Jonathan Soros is a United States citizen.



CUSIP NO.  47023A101                                         PAGE 10 OF 17 PAGES


ITEM     2(D)     TITLE OF CLASS OF SECURITIES:

                  Common Stock, par value $0.001 per share (the "Shares").

ITEM     2(E)     CUSIP NUMBER:

                  47023A101

ITEM     3.       IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B),
                  OR 13D-2(B) OR (C), CHECK WHETHER THE PERSON FILING IS A:

                  This Item 3 is not applicable.


ITEM     4.       OWNERSHIP:


ITEM     4(A)     AMOUNT BENEFICIALLY OWNED:

     As of December 31, 2007, each of the Reporting Persons may be deemed to be
the beneficial owner of no Shares.

ITEM     4(B)     PERCENT OF CLASS:

     As of December 31, 2007, each of the Reporting Persons may be deemed to be
the beneficial owner of 0% of the total number of Shares outstanding.



                                                                                                  
ITEM     4(C)     NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:

         SOROS STRATEGIC PARTNERS LP
         (i)       Sole power to vote or direct the vote:                                                          0
         (ii)      Shared power to vote or to direct the vote                                                      0
         (iii)     Sole power to dispose or to direct the disposition of                                           0
         (iv)      Shared power to dispose or to direct the disposition of                                         0

         SFM PARTICIPATION II LLC
         (i)       Sole power to vote or direct the vote:                                                          0
         (ii)      Shared power to vote or to direct the vote                                                      0
         (iii)     Sole power to dispose or to direct the disposition of                                           0
         (iv)      Shared power to dispose or to direct the disposition of                                         0




CUSIP NO.  47023A101                                         PAGE 11 OF 17 PAGES

         SFM AH LLC
         (i)       Sole power to vote or direct the vote:                                                          0
         (ii)      Shared power to vote or to direct the vote                                                      0
         (iii)     Sole power to dispose or to direct the disposition of                                           0
         (iv)      Shared power to dispose or to direct the disposition of                                         0

         SOROS FUND MANAGEMENT LLC
         (i)       Sole power to vote or direct the vote:                                                          0
         (ii)      Shared power to vote or to direct the vote                                                      0
         (iii)     Sole power to dispose or to direct the disposition of                                           0
         (iv)      Shared power to dispose or to direct the disposition of                                         0

         GEORGE SOROS
         (i)       Sole power to vote or direct the vote:                                                          0
         (ii)      Shared power to vote or to direct the vote                                                      0
         (iii)     Sole power to dispose or to direct the disposition of                                           0
         (iv)      Shared power to dispose or to direct the disposition of                                         0

         ROBERT SOROS
         (i)       Sole power to vote or direct the vote:                                                          0
         (ii)      Shared power to vote or to direct the vote                                                      0
         (iii)     Sole power to dispose or to direct the disposition of                                           0
         (iv)      Shared power to dispose or to direct the disposition of                                         0

         JONATHAN SOROS
         (i)       Sole power to vote or direct the vote:                                                          0
         (ii)      Shared power to vote or to direct the vote                                                      0
         (iii)     Sole power to dispose or to direct the disposition of                                           0
         (iv)      Shared power to dispose or to direct the disposition of                                         0



ITEM     5.      OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:

     If this statement is being filed to report the fact that as of the date
hereof the Reporting Persons have ceased to be the beneficial owners of more
than five percent of the class of securities, check the following [X].

ITEM     6.     OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:

                This Item 6 is not applicable.




CUSIP NO.  47023A101                                         PAGE 12 OF 17 PAGES


ITEM     7.     IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH
                ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING
                COMPANY:

                This Item 7 is not applicable.

ITEM     8.     IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:

                This Item 8 is not applicable.

ITEM     9.     NOTICE OF DISSOLUTION OF GROUP:

                This Item 9 is not applicable.

ITEM     10.    CERTIFICATION:

     By signing below each of the Reporting Persons certifies that, to the best
of such person's knowledge and belief, the securities referred to above were not
acquired and are not held for the purpose of or with the effect of changing or
influencing the control of the issuer of the securities and were not acquired
and are not held in connection with or as a participant in any transaction
having such purpose or effect.





CUSIP NO.  47023A101                                         PAGE 13 OF 17 PAGES


                                   SIGNATURES


         After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.



                                                
Date:    February 14, 2008                             SOROS STRATEGIC PARTNERS LP

                                                       By:      SFM PARTICIPATION II LLC
                                                                General Partner

                                                       By:      SFM AH LLC
                                                                Manager

                                                       By:      Soros Fund Management LLC
                                                                Managing Member

                                                       By:      /s/ Jodye Anzalotta
                                                                ------------------------------------------------------
                                                                Name:  Jodye Anzalotta
                                                                Title: Assistant General Counsel

Date:    February 14, 2008                             SFM PARTICIPATION II LLC

                                                       By:      SFM AH LLC
                                                                Manager

                                                       By:      Soros Fund Management LLC
                                                                Managing Member

                                                       By:      /s/ Jodye Anzalotta
                                                                ------------------------------------------------------
                                                                Name:  Jodye Anzalotta
                                                                Title: Assistant General Counsel

Date:    February 14, 2008                             SFM AH LLC

                                                       By:      Soros Fund Management LLC
                                                                Managing Member

                                                       By:      /s/ Jodye Anzalotta
                                                                ------------------------------------------------------
                                                                Name:  Jodye Anzalotta
                                                                Title: Assistant General Counsel

Date:    February 14, 2008                             SOROS FUND MANAGEMENT LLC

                                                       By:      /s/ Jodye Anzalotta
                                                                ------------------------------------------------------
                                                                Name:  Jodye Anzalotta
                                                                Title: Assistant General Counsel




CUSIP NO.  47023A101                                         PAGE 14 OF 17 PAGES



Date:    February 14, 2008                             GEORGE SOROS

                                                       By:      /s/ Jodye Anzalotta
                                                                ------------------------------------------------------
                                                                Name:  Jodye Anzalotta
                                                                Title: Attorney-in-fact

Date:    February 14, 2008                             ROBERT SOROS

                                                       By:      /s/ Jodye Anzalotta
                                                                ------------------------------------------------------
                                                                Name:  Jodye Anzalotta
                                                                Title: Attorney-in-fact

Date:    February 14, 2008                             JONATHAN SOROS

                                                       By:      /s/ Jodye Anzalotta
                                                                ------------------------------------------------------
                                                                Name:  Jodye Anzalotta
                                                                Title: Attorney-in-fact




CUSIP NO.  47023A101                                         PAGE 15 OF 17 PAGES



                                          EXHIBIT INDEX


                                                                                                    PAGE NO.

                                                                                          
A.        Power of Attorney, dated as of  October 3, 2007, granted by Robert Soros in favor of
          Armando T. Belly, Jodye Anzalotta, Maryann Canfield, Jay Schoenfarber, and David             16
          Taylor................................................................................

B.        Power of Attorney, dated as of October 3, 2007, granted by Jonathan Soros in favor of        17
          Armando T. Belly, Jodye Anzalotta, Maryann Canfield, Jay Schoenfarber, and David
          Taylor.................................................................................





CUSIP NO.  47023A101                                         PAGE 16 OF 17 PAGES

                                    EXHIBIT A

                                POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENT, that I, ROBERT SOROS, hereby make,
constitute and appoint each of ARMANDO T. BELLY, JODYE ANZALOTTA, MARYANN
CANFIELD, JAY SCHOENFARBER and DAVID TAYLOR, acting individually, as my agent
and attorney-in-fact for the purpose of executing in my name, (a) in my personal
capacity or (b) in my capacity as Deputy Chairman of, member of or in other
capacities with Soros Fund Management LLC ("SFM LLC") and each of its affiliates
or entities advised by me or SFM LLC, all documents, certificates, instruments,
statements, filings and agreements ("documents") to be filed with or delivered
to any foreign or domestic governmental or regulatory body or required or
requested by any other person or entity pursuant to any legal or regulatory
requirement relating to the acquisition, ownership, management or disposition of
securities, futures contracts or other investments, and any other documents
relating or ancillary thereto, including without limitation all documents
relating to filings with the Commodity Futures Trading Commission and National
Futures Association, the United States Securities and Exchange Commission (the
"SEC") pursuant to the Securities Act of 1933 or the Securities Exchange Act of
1934 (the "Act") and the rules and regulations promulgated thereunder, including
all documents relating to the beneficial ownership of securities required to be
filed with the SEC pursuant to Section 13(d) or Section 16(a) of the Act and any
information statements on Form 13F required to be filed with the SEC pursuant to
Section 13(f) of the Act.

     All past acts of these attorneys-in-fact in furtherance of the foregoing
are hereby ratified and confirmed.

     This power of attorney shall be valid from the date hereof until revoked by
me.

     IN WITNESS WHEREOF, I have executed this instrument as of the 3rd day of
October 2007.

                                                     ROBERT SOROS
                                                     --------------------------
                                                     /s/ ROBERT SOROS





CUSIP NO.  47023A101                                         PAGE 17 OF 17 PAGES


                                    EXHIBIT B

                                POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENT, that I, JONATHAN SOROS, hereby make,
constitute and appoint each of ARMANDO T. BELLY, JODYE ANZALOTTA, MARYANN
CANFIELD, JAY SCHOENFARBER and DAVID TAYLOR, acting individually, as my agent
and attorney-in-fact for the purpose of executing in my name, (a) in my personal
capacity or (b) in my capacity as President and Deputy Chairman of, member of or
in other capacities with Soros Fund Management LLC ("SFM LLC") and each of its
affiliates or entities advised by me or SFM LLC, all documents, certificates,
instruments, statements, filings and agreements ("documents") to be filed with
or delivered to any foreign or domestic governmental or regulatory body or
required or requested by any other person or entity pursuant to any legal or
regulatory requirement relating to the acquisition, ownership, management or
disposition of securities, futures contracts or other investments, and any other
documents relating or ancillary thereto, including without limitation all
documents relating to filings with the Commodity Futures Trading Commission and
National Futures Association, the United States Securities and Exchange
Commission (the "SEC") pursuant to the Securities Act of 1933 or the Securities
Exchange Act of 1934 (the "Act") and the rules and regulations promulgated
thereunder, including all documents relating to the beneficial ownership of
securities required to be filed with the SEC pursuant to Section 13(d) or
Section 16(a) of the Act and any information statements on Form 13F required to
be filed with the SEC pursuant to Section 13(f) of the Act.

     All past acts of these attorneys-in-fact in furtherance of the foregoing
are hereby ratified and confirmed.

     This power of attorney shall be valid from the date hereof until revoked by
me.

     IN WITNESS WHEREOF, I have executed this instrument as of the 3rd day of
October 2007.

                                                     JONATHAN SOROS
                                                     --------------------------
                                                     /s/ JONATHAN SOROS