Inline functionality of CKEditor not working in Salesforce visualforce pages

Hi,

I am trying to incorporate the inline editing functionality of ckeditor with my visualforce pages.

I have rich text field created as a custom field for the custom object and the code is as follows

<div contenteditable="true">
    dfdf  : <apex:inputtextarea value="{!templateInfo.RichTextArea__c}" styleClass="ckeditor" richtext="false"/>
    </div>

The problem is the rich text input through ckeditor is not being saved, where as if I do this.

<apex:inputTextarea value="{!templateInfo.RichTextArea__c}" styleClass="ckeditor" richtext="false"/>

without the div and the contenteditable attribute then the rich text content is saved.

Does ckeditor not work with inline mode for visualforce?

Has anyone tried something similar to this before?