Thanks to @arunoda and mantrajs, wonderful work.
Thanks to @luisherranz meteor-imports-webpack-plugin
Here is a sample of the mantra blog app, where client part and server are separated out.
cd server
meteor
cd client
npm install
npm start
Then you can go to http://localhost:8080 (webpack dev server) to view your app.
–
Webpack 2.0 opens up further opportunities with System.import etc for conditional loading - (for example multiple styles (mui/bootstrap) for the same app etc), will aim to update the repo