The following program compiles without error.  An error is expected.

public class Test {
    interface I<T extends Class<S>, S> {}
    
    <T extends Class<?>> void test() {
        I<T,?> val;
    }
}

Specifically, the type 'I<T,?>' is malformed, and so should produce an error (JLS 4.5).

"When subjected to capture conversion"
--> 'I<T,CAP>'
"each type argument Xi is a subtype of" its bound
--> T <: Class<CAP>

Because T has upper bound Class<?>, it is not a subtype of Class<CAP> -- in fact, there exists no type Foo such that T <: Class<Foo>.

(Some aspects of type variables with wildcard-parameterized bounds are under-specified, but in this case, the definition of subtyping is clear.)

This appears to be longstanding behavior, probably since Java SE 5.