i don't think so. what are you trying to do? if the purpose of the textarea is to display data rather than collect data, you could use css with the div tag to create a "textarea" that can contain any html tags you wish.
for example...
Code:
<style>
.clsTextArea
{
width: 300px;
height: 300px;
border-style: solid;
border-width: 2px;
border-color: black;
background-color: white;
color: black;
overflow: scroll;
}
</style>
....
....
<body>
<div class="clsTextArea">
Here is some text including an <a href="somepage.html">active link</a>.
</div>
</body>
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