I did this with a crazy use of calling ed_readmore functions in template.php for a views template preprocess function. Do not attempt by trial and error, i can get the code from openmedia's repository.
Motivation for this function: sure, we could use a plain node_load($nid) and wrap every $node->field['0']['value'] in a check_plain or the function for rendering with the proper input format (check_plain). The proper format is available to be grabbed from the data provided by a regular node_load. But that's a lot of work and not the way we're used to theming things in .tpl.php
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