I would try this:
<cfform method="post" preservedata="yes" name="form_count">
<tr>
<td>
<cftextarea rows="8" name="word_input" cols="60" wrap="virtual"
onkeyup="f=document.form_count;
f.word_count.value=f.word_input.value.length;">
</cftextarea>
<p>
<cfinput type="text" name="word_count" size="20">
</p>
</td>
</tr>
</cfform>
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