Index: pom.xml
===================================================================
--- pom.xml	(revision 21280)
+++ pom.xml	(working copy)
@@ -194,6 +194,16 @@
       <artifactId>easymockclassextension</artifactId>
       <scope>test</scope>
     </dependency>
+    <dependency>
+      <groupId>org.apache.commons</groupId>
+      <artifactId>commons-proxy</artifactId>
+      <version>1.0</version>
+    </dependency>
+    <dependency>
+      <groupId>cglib</groupId>
+      <artifactId>cglib-full</artifactId>
+      <version>2.0.2</version>
+    </dependency>
   </dependencies>
   <build>
     <plugins>
Index: src/main/java/info/magnolia/cms/beans/config/ServerConfiguration.java
===================================================================
--- src/main/java/info/magnolia/cms/beans/config/ServerConfiguration.java	(revision 21280)
+++ src/main/java/info/magnolia/cms/beans/config/ServerConfiguration.java	(working copy)
@@ -81,8 +81,8 @@
         return (ServerConfiguration) FactoryUtil.getSingleton(ServerConfiguration.class);
     }
 
-    public static final class Observer extends FactoryUtil.ObservedObjectFactory {
-        public Observer() {
+    public static final class InstanceFactory extends FactoryUtil.ObservedObjectFactory {
+        public InstanceFactory() {
             super(ContentRepository.CONFIG, "/server", ServerConfiguration.class);
         }
 
Index: src/main/java/info/magnolia/cms/util/FactoryUtil.java
===================================================================
--- src/main/java/info/magnolia/cms/util/FactoryUtil.java	(revision 21280)
+++ src/main/java/info/magnolia/cms/util/FactoryUtil.java	(working copy)
@@ -44,6 +44,7 @@
 import info.magnolia.content2bean.impl.Content2BeanTransformerImpl;
 import info.magnolia.context.MgnlContext;
 
+import java.lang.reflect.Method;
 import java.util.HashMap;
 import java.util.Map;
 
@@ -53,6 +54,8 @@
 
 import org.apache.commons.beanutils.ConstructorUtils;
 import org.apache.commons.lang.StringUtils;
+import org.apache.commons.proxy.Invoker;
+import org.apache.commons.proxy.factory.cglib.CglibProxyFactory;
 import org.slf4j.Logger;
 import org.slf4j.LoggerFactory;
 
@@ -106,7 +109,11 @@
                     repository = StringUtils.substringBefore(className, ":");
                     path = StringUtils.substringAfter(className, ":");
                 }
-                return new ObservedObjectFactory(repository, path, interf);
+
+                final ObservedObjectFactory factory = new ObservedObjectFactory(repository, path, interf);
+                setInstanceFactory(interf, factory);
+                // now that the factory is registered we can recall the method
+                return newInstance(interf);
             }
             else{
                 Class clazz = ClassUtil.classForName(className);
@@ -174,9 +181,11 @@
             instance = newInstance(interf);
             instances.put(interf, instance);
         }
+        /*
         if(instance instanceof ObservedObjectFactory){
             instance = ((ObservedObjectFactory)instance).getObservedObject();
         }
+        */
         return instance;
     }
 
@@ -224,10 +233,11 @@
      * @version $Id$
      *
      */
-    public static class ObservedObjectFactory implements EventListener{
+    public static class ObservedObjectFactory implements EventListener, InstanceFactory {
         private static final Logger log = LoggerFactory.getLogger(ObservedObjectFactory.class);
 
         private static final int DEFAULT_MAX_DELAY = 5000;
+
         private static final int DEFAULT_DELAY = 1000;
 
         /**
@@ -255,6 +265,14 @@
             startObservation(path);
         }
 
+        public Object newInstance() {
+            return new CglibProxyFactory().createInvokerProxy(new Invoker(){
+                public Object invoke(Object proxy, Method method, Object[] args) throws Throwable {
+                    return method.invoke(getObservedObject(), args);
+                }
+            }, new Class[]{getObservedObject().getClass()});
+        }
+
         protected void startObservation(String handle) {
             ObservationUtil.registerDeferredChangeListener(ContentRepository.CONFIG, handle, this, DEFAULT_DELAY, DEFAULT_MAX_DELAY);
         }
Index: src/main/java/info/magnolia/cms/security/IPSecurityManagerImpl.java
===================================================================
--- src/main/java/info/magnolia/cms/security/IPSecurityManagerImpl.java	(revision 21280)
+++ src/main/java/info/magnolia/cms/security/IPSecurityManagerImpl.java	(working copy)
@@ -91,8 +91,8 @@
         rules.put(name, rule);
     }
 
-    public static final class Observer extends FactoryUtil.ObservedObjectFactory {
-        public Observer() {
+    public static final class InstanceFactory extends FactoryUtil.ObservedObjectFactory {
+        public InstanceFactory() {
             super(ContentRepository.CONFIG, "/server/IPConfig", IPSecurityManager.class);
         }
 
Index: src/main/resources/mgnl-beans.properties
===================================================================
--- src/main/resources/mgnl-beans.properties	(revision 21280)
+++ src/main/resources/mgnl-beans.properties	(working copy)
@@ -9,9 +9,9 @@
 
 info.magnolia.module.mail.handlers.MgnlMailHandler=info.magnolia.module.mail.handlers.SimpleMailHandler
 
-info.magnolia.cms.beans.config.ServerConfiguration=info.magnolia.cms.beans.config.ServerConfiguration$Observer
+info.magnolia.cms.beans.config.ServerConfiguration=info.magnolia.cms.beans.config.ServerConfiguration$InstanceFactory
 info.magnolia.cms.security.SecuritySupport=/server/security
-info.magnolia.cms.security.IPSecurityManager=info.magnolia.cms.security.IPSecurityManagerImpl$Observer
+info.magnolia.cms.security.IPSecurityManager=info.magnolia.cms.security.IPSecurityManagerImpl$InstanceFactory
 
 info.magnolia.cms.filters.MgnlFilter=info.magnolia.cms.filters.CompositeFilter