I like that idea. I'm close to having something working along those lines. 
Hopefully I'll be able to push something by tonight.

> 
> How about a rpc like "usewallet <foo> <normal RPC>"  that simply
> generalizes all the rpcs?
> 
> And instead of explicitly deactivating rpcs that don't make sense,
> simply have them return an error.  Or, for example,  sendtoaddress on
> a watching wallet should actually return an unsigned raw transaction
> and a wallet specific message that tells you where to find the private
> key.
> 
> I think it's desirable to not break compatibility but for this kind of
> feature compatibility should not get in the way of doing it right.


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