Hi Alwin,
  Bhavin is correct - the java library does not yet have support for OAuth 
as I explained in comment # 6: 
http://code.google.com/p/google-api-adwords-java/issues/detail?id=50#c6

Unfortunately, we do not currently have a firm timeline but the plan to to 
release a preview version by the end of the year at the latest (and 
hopefully much earlier).

Yes, the same client account can be managed by up to 5 MCC accounts: 
http://adwordsapi.blogspot.com/2011/06/introducing-mcc-accounts-multiple-links.html

- Kevin Winter
AdWords API Team

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