First of all add this in any layout file, to load the editor in the config section:
<adminhtml_system_config_edit>
<update handle="editor"/>
<reference name="head">
<action method="setCanLoadTinyMce"><load>1</load></action>
</reference>
</adminhtml_system_config_edit>
Now create your own field renderer. It has to be a block inside your module:
<?php
class Namespace_Module_Block_Adminhtml_System_Config_Editor
extends Mage_Adminhtml_Block_System_Config_Form_Field
implements Varien_Data_Form_Element_Renderer_Interface {
protected function _getElementHtml(Varien_Data_Form_Element_Abstract $element) {
$element->setWysiwyg(true);
$element->setConfig(Mage::getSingleton('cms/wysiwyg_config')->getConfig());
return parent::_getElementHtml($element);
}
}
Now for the element inside the system.xml set the frontend_type 'editor' and the frontend_model your new block
<fieldname translate="label">
<label>Field label </label>
<frontend_type>editor</frontend_type>
<frontend_model>module/adminhtml_system_config_editor</frontend_model>
<sort_order>150</sort_order>
<show_in_default>1</show_in_default>
<show_in_website>1</show_in_website>
<show_in_store>1</show_in_store>
</fieldname>
There are some issues when changing the config scope to a website or a store view. The textarea does not become 'disabled'. But if you can ignore this, you can use it without any problems.