//+ Jonas Raoni Soares Silva
//@ http://jsfromhell.com/forms/selection [v1.0]

Selection = function(input){
	this.isTA = (this.input = input).nodeName.toLowerCase() == "textarea";
};
with({o: Selection.prototype}){
	o.setCaret = function(start, end){
		var o = this.input;
		if(Selection.isStandard)
			o.setSelectionRange(start, end);
		else if(Selection.isSupported){
			var t = this.input.createTextRange();
			end -= start + o.value.slice(start + 1, end).split("\n").length - 1;
			start -= o.value.slice(0, start).split("\n").length - 1;
			t.move("character", start), t.moveEnd("character", end), t.select();
		}
	};
	o.getCaret = function(){
		var o = this.input, d = document;
		if(Selection.isStandard)
			return {start: o.selectionStart, end: o.selectionEnd};
		else if(Selection.isSupported){
			var s = (this.input.focus(), d.selection.createRange()), r, start, end, value;
			if(s.parentElement() != o)
				return {start: 0, end: 0};
			if(this.isTA ? (r = s.duplicate()).moveToElementText(o) : r = o.createTextRange(), !this.isTA)
				return r.setEndPoint("EndToStart", s), {start: r.text.length, end: r.text.length + s.text.length};
			for(var $ = "[###]"; (value = o.value).indexOf($) + 1; $ += $);
			r.setEndPoint("StartToEnd", s), r.text = $ + r.text, end = o.value.indexOf($);
			s.text = $, start = o.value.indexOf($);
			if(d.execCommand && d.queryCommandSupported("Undo"))
				for(r = 3; --r; d.execCommand("Undo"));
			return o.value = value, this.setCaret(start, end), {start: start, end: end};
		}
		return {start: 0, end: 0};
	};
	o.getText = function(){
		var o = this.getCaret();
		return this.input.value.slice(o.start, o.end);
	};
	o.setText = function(text){
		var o = this.getCaret(), i = this.input, s = i.value;
		i.value = s.slice(0, o.start) + text + s.slice(o.end);
		this.setCaret(o.start += text.length, o.start);
	};
	new function(){
		var d = document, o = d.createElement("input"), s = Selection;
		s.isStandard = "selectionStart" in o;
		s.isSupported = s.isStandard || (o = d.selection) && !!o.createRange();
	};
}

<form id="form">
	<fieldset>
		<legend>Selection Test</legend>
		<textarea name="text" rows="10" cols="30">
www.jsfromhell.com
Jonas Carlos Lalala
Bin Laden x Bush
		</textarea><br />
		<input name="getText" type="button" value="[Get selected text]" />
		<input name="getSel" type="button" value="[Get cursor]" />
		<br /><input name="setText" type="button" value="[Set selected text]" />
		<input name="setSel" type="button" value="[Set cursor]" />
	</fieldset>
</form>

<script type="text/javascript">
var f = document.forms.form;
var selection = new Selection(f.text);

f.getText.onclick = function(){
	alert(selection.getText());
	f.text.focus();
};
f.setText.onclick = function(){
	var s = prompt("New text:", selection.getText());
	s !== null && selection.setText(s);
	f.text.focus();
};
f.getSel.onclick = function(){
	var s = selection.getCaret();
	alert("Start: " + s.start + "\nEnd: " + s.end);
	f.text.focus();
};
f.setSel.onclick = function(){
	var s = selection.getCaret();
	selection.setCaret(+prompt("Start:", s.start) || 0, +prompt("End:", s.end) || 0);
	f.text.focus();
};
</script>

function parsearHTMLInjectado($texto)
{
	return nl2br( htmlentities($texto) );	
}

Event.observe( window, 'load', function() {
  // Put the Javascript that needs to happen when the page
  // loads here
} );

Event.observe( window, 'load', function() {
  var inputs = document.getElementsByTagName( 'input' );
  var textareas = document.getElementsByTagName( 'textarea' );

  for ( var i=0; i<inputs.length; i++ ) {
    type = inputs[i].type;

    if (
      ( type == 'button' || type == 'reset' ||
      type == 'password' || type == 'text' ||
      type == 'submit' ) &&
      ( inputs[i].onfocus == '' ||
      !inputs[i].onfocus )
    ) {
      inputs[i].onfocus = function() {
        this.className = 'selected';
      }

      inputs[i].onblur = function() {
        this.className = '';
      }
    }
  }

  for ( var i=0; i<textareas.length; i++ ) {
    if ( textareas[i].onfocus == '' || !textareas[i].onfocus ) {
      textareas[i].onclick = function() {
        this.className = 'selected';
      }
      textareas[i].onblur = function() {
        this.className = '';
      }
    }
  }
} );

function preview(id1, id2){
	  		var NewText = document.getElementById(id1).value;
	  		splitText = NewText.split(/\n/).join("<br />");
	  		var DivElement = document.getElementById(id2);
	  		DivElement.innerHTML = splitText;
}

<form action="#">
<label>Name:</label>
<input type="text" id="nombre" onkeyup="preview('name', 'preview-name');" />

<label>Phone:</label>
<input type="text" id="phone" onkeyup="preview('phone', 'preview-phone');" />
</form>

<h2>Preview</h2>
<dl>
	<dt>Name:</dt>
	<dd id="preview-name"></dd>
	<dt>Phone:</dt>
	<dd id="preview-phone"></dd>

</dl>