Hi Kiril,
It turned out to be pretty simple to get this working. However, I can't say whether it is the *right* way to do it. :)
I had a listview that was using <div> elements, which I changed that to use <ul id="mylist"> and <li> elements instead. Then, in the 'dataBound' event I convert the list items to a panelbar with:
$(
"#mylist"
).kendoPanelBar();
It's working fine so far.
Cheers,
Josh