I see the option when I set up mirroring, but it's greyed out and gave me no option when I configured mirroring between my principal and mirror servers. I wanted to know because I would rather set up mirroring this way because in the past I've had reindex/update stat jobs hang the primary DB when the normal mirroring option was set up and syncronizing over the WAN.
My DB is in FULL recovery mode and I'm currently MIRRORING it without a witness instance on our LAN for testing purposes until I can figure out why I cant select that option. It is SQL 2008 Standard x64.