Please take a look at this URL:
http://issues.apache.org/jira/browse/CONFIGURATION-394
The Configuration framework which we're looking for it is something on top of Apache Commons Configuration and must support Concurrency Issues, JMX issues and most of stores(e.g .properties file, .xml files or PreferencesAPI).
What weblogic team provides on 'Administration Console' is intersting which through it you can have transactional(atomic) updates on configurations so that are registered listeners be notified.
The Apache guys insist that this project is out of scopes of Commons Configuration, maybe!
I've attached a simple configuration framework, take look please.