diff --git a/IPython/core/interactiveshell.py b/IPython/core/interactiveshell.py
index 4660cbf..edf52e0 100644
--- a/IPython/core/interactiveshell.py
+++ b/IPython/core/interactiveshell.py
@@ -346,6 +346,10 @@ class InteractiveShell(SingletonConfigurable, Magic):
     _prompt_out_changed = _prompt_trait_changed
     _prompt_pad_left_changed = _prompt_trait_changed
     
+    show_rewritten_input = CBool(True, config=True,
+        help="Show rewritten input, e.g. for autocall."
+    )
+    
     quiet = CBool(False, config=True)
 
     history_length = Integer(10000, config=True)
@@ -2168,6 +2172,9 @@ class InteractiveShell(SingletonConfigurable, Magic):
         after the user's input prompt.  This helps the user understand that the
         input line was transformed automatically by IPython.
         """
+        if not self.show_rewritten_input:
+            return
+        
         rw = self.prompt_manager.render('rewrite') + cmd
 
         try:
diff --git a/IPython/core/prompts.py b/IPython/core/prompts.py
index df51e70..4413ddf 100644
--- a/IPython/core/prompts.py
+++ b/IPython/core/prompts.py
@@ -232,9 +232,6 @@ lazily_evaluate = {'time': LazyEvaluate(time.strftime, "%H:%M:%S"),
                             [LazyEvaluate(cwd_filt, x) for x in range(1,6)],
                    'cwd_y': [LazyEvaluate(cwd_filt2, x) for x in range(6)]
                    }
-
-misc_fields = {'rarrow': "-> "
-              }
         
 
 class PromptManager(Configurable):
@@ -263,8 +260,6 @@ class PromptManager(Configurable):
         help="Continuation prompt.")
     out_template = Unicode('Out[\\#]: ', config=True,
         help="Output prompt. '\\#' will be transformed to the prompt number")
-    rewrite_template = Unicode("{rarrow:->{txtwidth}}", config=True,
-        help="Rewrite prompt. When inputs are transformed, the rewritten input will follow this.")
     
     justify = Bool(True, config=True, help="""
         If True (default), each prompt will be right-aligned with the
@@ -282,7 +277,7 @@ class PromptManager(Configurable):
     # The number of characters in each prompt which don't contribute to width
     invisible_chars = Dict()
     def _invisible_chars_default(self):
-        return {'in': 0, 'in2': 0, 'out': 0, 'rewrite': 0}
+        return {'in': 0, 'in2': 0, 'out': 0, 'rewrite':0}
     
     def __init__(self, shell, config=None):
         super(PromptManager, self).__init__(shell=shell, config=config)
@@ -291,13 +286,13 @@ class PromptManager(Configurable):
         self.color_scheme_table = coloransi.ColorSchemeTable([PColNoColors,
                                     PColLinux, PColLightBG], self.color_scheme)
         
-        # Prepare templates
+        # Prepare templates & numbers of invisible characters
         self.update_prompt('in', self.in_template)
         self.update_prompt('in2', self.in2_template)
         self.update_prompt('out', self.out_template)
-        self.update_prompt('rewrite', self.rewrite_template)
+        self.update_prompt('rewrite')
         self.on_trait_change(self._update_prompt_trait, ['in_template',
-                            'in2_template', 'out_template', 'rewrite_template'])
+                            'in2_template', 'out_template'])
     
     def update_prompt(self, name, new_template=None):
         """This is called when a prompt template is updated. It processes
@@ -321,18 +316,15 @@ class PromptManager(Configurable):
     def _render(self, name, color=True, **kwargs):
         """Render but don't justify, or update the width or txtwidth attributes.
         """
+        if name == 'rewrite':
+            return self._render_rewrite(color=color)
+        
         if color:
             scheme = self.color_scheme_table.active_colors
             if name=='out':
                 colors = color_lists['normal']
                 colors.number, colors.prompt, colors.normal = \
                         scheme.out_number, scheme.out_prompt, scheme.normal
-            elif name=='rewrite':
-                colors = color_lists['normal']
-                # We need a non-input version of these escapes
-                colors.number = scheme.in_number.replace("\001","").replace("\002","")
-                colors.prompt = scheme.in_prompt.replace("\001","").replace("\002","")
-                colors.normal = scheme.normal
             else:
                 colors = color_lists['inp']
                 colors.number, colors.prompt, colors.normal = \
@@ -350,7 +342,6 @@ class PromptManager(Configurable):
                         dots="."*len(str(count)),
                         width=self.width, txtwidth=self.txtwidth )
         fmtargs.update(self.lazy_evaluate_fields)
-        fmtargs.update(misc_fields)
         fmtargs.update(kwargs)
         
         # Prepare the prompt
@@ -359,6 +350,18 @@ class PromptManager(Configurable):
         # Fill in required fields
         return prompt.format(**fmtargs)
     
+    def _render_rewrite(self, color=True):
+        """Render the ---> rewrite prompt."""
+        if color:
+            scheme = self.color_scheme_table.active_colors
+            # We need a non-input version of these escapes
+            color_prompt = scheme.in_prompt.replace("\001","").replace("\002","")
+            color_normal = scheme.normal
+        else:
+            color_prompt, color_normal = '', ''
+
+        return color_prompt + "-> ".rjust(self.txtwidth, "-") + color_normal
+    
     def render(self, name, color=True, just=None, **kwargs):
         """
         Render the selected prompt.
@@ -391,4 +394,3 @@ class PromptManager(Configurable):
             res = res.rjust(self.width + invis_chars)
         self.width = len(res) - invis_chars
         return res
-