Additionally, you can subscribe to the Opening event of the control, where you can check whether you made the TextBoxItemReadOnly, and if it is, cancel the drop down:
Alternatively, instead of making the TextBoxItem ReadOnly, you can set the DropDownStyle of the control to DropDownList, which does not allow editing the editor.
I hope you find this information useful. Should you have any other questions, do not hesitate to contact us.
All the best,
Stefan
the Telerik team
Q1’11 SP1 of RadControls for WinForms is available for download; also available is the Q2'11 Roadmap for Telerik Windows Forms controls.