Show textfield as plaintext when disabled?

Is there a way to have my textfield show as plain text when in a readonly
mode rather than as a disabled textbox?

Backup question: I can imagine making a panel to do this...having a
textfield and label and hiding whichever I didn't want, but I would want my
panel to bind to a textbox in the parent page and replace that tag
(otherwise I would have two textboxes, right). How would I go about that?