Index: tinymce.module
===================================================================
--- tinymce.module	(revision 26)
+++ tinymce.module	(working copy)
@@ -244,6 +244,12 @@
     }
     // Load a TinyMCE init for each textarea.
     if ($init) drupal_add_js($tinymce_invoke, 'inline');
+    
+    //settings are saved as strings, not booleans
+    if ($profile->settings['show_toggle'] == 'true') {
+      // Make sure to append to #suffix so it isn't completely overwritten
+      $element['#suffix'] .= $wysiwyg_link;
+    }
 
     // Set resizable to false to avoid drupal.js resizable function from taking control of the textarea
     $element['#resizable'] = FALSE;