jQuery - resizing form input based on value's width?

Question

Is it possible to get input\'s value width and resize the input dynamically so the value will fit?

Here\'s an example:

http://jsfiddle.net/bzBdX/2/

Answer 1

Current answers were waay to complicated. Heres a quick one

$('#myinput').width($('#myinput').prop('scrollWidth'))

Adding the above to input keydown/up/press events is trivial. Tested in chrome