Yes, it is possible to do what you ask. I have been experimenting with PHP/JavaBeans recently, but have nothing yet in production. (We are currently in the planning stages of our next major project.)
As far as I can tell, my "seat of the pants" estimation is that the JavaBean use does not slow down the page load very much. The loss of execution speed, if there is one, is more than worth the benifits of the technology, at least in my case.
Look in the ext/java dir of the PHP tgz, for the readme, and a couple examples. Be sure to use the latest version of PHP, as this is a bleeding edge extension. The most recent version has a couple (poor) examples, where the former version I had just had basic explainations of the function.
I was able to get my version working using the IBM 1.1.8 JDK, which is rumored to be the fastest. I tried using a more up to date version of the JDK, and was unable to get it to work.
PHP and JavaBeans may soon change the way many large PHP projects are developed. All the advantages of JSP/JavaBeans, without the disadvantages of JSP.
Anyway, I've babled enough for now. I would be more than happy to provide more help, or examples if anyone needs them. I will soon be experimenting with PHP->JavaBeans->IBM AS/400, which has been next to impossible to do access with PHP in the past.
-Pete