Visual Editor

Editing text what you see is what you get with the XMLNuke.

XML Code
<editform title="Visual Editor" action="module:somemodule">
   <memo name="sample" caption="Memo Field" visualedit="true"></memo>
   <buttons>
      <button caption="View XML code selection" 
         onclick="alert(tinyMCE.activeEditor.selection.getContent());" />
   </buttons>
</editform>

Visual Editor
 

See XML of this page.