Edit in JSRUN

angular.module('myApp', []).controller('Ctrl', function($scope) {
				$scope.testModel = 123;
    })
    .directive('contenteditable', function() {
        return {
            restrict : 'A', // only activate on element attribute
            require : '?ngModel', // get a hold of NgModelController
            scope: {},
            link : function(scope, element, attrs, ngModel) {
                if (!ngModel)
                    return; // do nothing if no ng-model

                setInterval(function() {
                    if (angular.element('#contenteditable').scope().form)
                        console.log(angular.element('#contenteditable').scope().form.userContent);

                    if (angular.element('#textarea').scope().form)
                        console.log(angular.element('#textarea').scope().form.userContent);
                }, 1000);

                // Specify how UI should be updated
                ngModel.$render = function() {
                    element.html(ngModel.$viewValue || '');
                };

                // Listen for change events to enable binding
                element.bind('blur keyup change', function() {
                            scope.$apply(read);
                        });
                read(); // initialize

                // Write data to the model
                function read() {
                    ngModel.$setViewValue(element.html());
                }
            }
        };
    });
<script src="http://code.jquery.com/jquery-1.9.1.min.js"></script>
    <script src="http://code.angularjs.org/1.0.5/angular.min.js"></script>


<div ng-controller="Ctrl">
    <form name="myForm">
        <div ng-init="form.userContent"></div>
      {{testModel}}
        <div contenteditable name="myWidget" ng-model="form.userContent" id="contenteditable" required>Change me!</div>
        <span ng-show="myForm.myWidget.$error.required">Required!</span>
        <hr />
        <textarea ng-model="form.userContent" id="textarea"></textarea>
    </form>
</div>