At last I found out how to track the Insertion Point and Selected Text in IE textareas.
Try out the New 1-Click TagPanels and Smilie Panels. If you're using IE, you'll <img src=/S/love.gif border=0 alt=love width=15 height=15> that you can now <font color=red>insert your tags wherever you like</font color=red> <img src=/S/exclamation.gif border=0 alt=exclamation width=15 height=15>

Be sure to <img src=/S/read.gif border=0 alt=read width=19 height=33> the New Markup HELP available directly from every TagPanel. <img src=/S/grin.gif border=0 alt=grin width=15 height=15>