Continuous quantum measurement with observer: pure wavefunction evolution instead of decoherence

We consider a continuous measurement of a two-level system (double-dot) by weakly coupled detector (tunnel point contact nearby). While usual treatment leads to the gradual system decoherence due to the measurement, we show that the knowledge of the measurement result can restore the pure wavefunction at any time (this can be experimentally verified). The formalism allows to write a simple Langevin equation for the random evolution of the system density matrix which is reflected and caused by the stochastic detector output. Gradual wavefunction ``collapse'' and quantum Zeno effect are naturally described by the equation.