is any such library available either commercial or open source?
Just wanted to update this thread and note that we've created such a library at Frozen Mountain; it's called IceLink. The server portion (STUN/TURN, which is used for NAT traveral and IP discovery) is available on Java (in addition to .NET, Mac, etc) and there's a full Java library implementation for the actual P2P communication and audio/video encoding/decoding/rendering. It's also WebRTC-compliant, and communicates nicely with Chrome, etc.
We've released out VP8 Java wrapper as well: https://jvp8.codeplex.com/
(Disclaimer: I work @ FM).
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