I don't know if this can be (or has been) extracted to a separate library or if this is part of the web components spec, but its something that's pretty nice to have baked into the framework.
In fact the only reason I'm not using Meteor now is that it's still got a hard dependency on Mongo. I was disappointed to see that SQL support has not begun to come in yet with this update. Once SQL support is there, I will definitely be looking at using Meteor, particularly now it's got first-class React support.