Is this a bug or is it me : A problem with CKEDITOR.replace

I have multiple editable areas in a CMS.

When a user clicks on an editable class element, it gets replaced with a ckeditor. When its clicked a button also shows, when the button is clicked the content of the ckeditor gets posted via jquery ajax and saved in the database. On a successful call back the editor is destroyed and the original editable area get its html updated to the user changed code.

Here is my code:

var editor;

    function replaceDiv(div, id) {
        if (editor)
            editor.destroy();
            
        editor = CKEDITOR.replace(div);
    }

 $('.button').click(function() {
        var id = $(this).attr('id');
        SaveData(id);
    });

    $('.editable').click(function() {
        if ($(this).attr('class') == "editable") {
            var buttonId = $(this).attr('id').replace('e', '');
            $('#' + buttonId).show();

            replaceDiv(this, buttonId);
        }
    });

    function SaveData(id) {
        $.ajax({
            type: 'POST',
            url: '/Handler.ashx',
            data: 'thedata=' + editor.getData() + '&id=' + id,
            dataType: "text",
            success: function(data) {
                UpdateHtml(data, id);
            },
            error: function(msg, ts, errorThrown) { alert(ts); }

        });
    }

    function UpdateHtml(html, id) {
        alert('in update');
        //remove editor
        editor.destroy();
        //remove button
        $('#' + id).hide();
        //update html               
        var editableArea = id + 'e';
        $(editableArea).innerHtml(html);
    }

The problem:
When the page first loads, I can click on all 5 of the editable areas with ease. They load and destroy when a new one is clicked on... however when I...

Click on the editable area
Ckeditor loads with button.
Change some text click the button - ajax jquery to server - callback destroys ckeditor and I see my html again
Then clicking on one of the editable areas and the ckeditor does not load.

Anyone offer any help?