Since there's interest, I've built Jikes, Classpath, and JamVM from source. These are all PdaXrom RC-11/12, built with -O2 -mtune=iwmmxt -mcpu=iwmmxt. Have fun.
Also included are two scripts, "java" and "javac", which run jamvm and jikes respectively with the arguments needed to make them work.
If you install to an alternate destination remember to create the correct symlinks.
Classpath is a hair too big to post here normally (5.2MB), so I've split it into two files. Download them all to the same directory, and combine them like this:
$ tar xvzf usrlibinclude.tar.gz
$ tar xvzf usrshare.tar.gz
$ tar czvf classpath_0.18_armv5tel.ipk debian-binary control.tar.gz usr
Then you'll have a .ipk you may install normally.
Remember the symlinks if you use ipkg -d!
The included scripts may also may not work for strange classpaths. They're just one-line hacks. Feel free to rewrite them.