See? I could be much worse.
At my last job, we had a more typical pairing setup with one machine (27" imac) in the middle of two programmers. When I paired with a non-Emacs user, we'd put Emacs on my half of the screen and their editor (usually Vim, occasionally Textmate) on their half.
The only caveat is that you have to make sure your editor will refresh files when they change on disk. That way, when your pair saves a file, your editor reflects the changes.
Textmate does this automatically; in Emacs, you may have to put
(global-auto-revert-mode 1)
in your init.el, and there's some Vim setting you can tweak to get the same behavior.The main downside is that you can only fit half as much code on the screen, but this can be mitigated by using a sufficiently large screen. In my experience, a 27" display is sufficiently large and a 24" is pretty good, but anything smaller starts to feel cramped.
It also provided both of us with the ability to see the others changes.
It's fun and almost LAN game like in terms of having everyone create stub items, then others go in and fill them out, then someone else goes in and further adds to that given item, etc etc.
BTW, Etherpad was released as an open source project (https://github.com/ether/pad seems to be where the development lives) as part of the acquisition and there are tons of clones out there if you still want to use something simply with no sign-in, etc.
Check out: http://piratepad.net/ep/search or http://typewith.me/
Not quite the same as a collaborative editor, but similar.