var templ = new Ext.XTemplate(
      '<tpl if="isActive">',
            '<div style="color:red" class="',
            Ext.baseCSSPrefix + 'list-sortablehandle',
            '">',
        '</tpl>',
    '<b>Name: {text}</b>',
        '<tpl if="isActive">',
            '<b>{text}</b></div>',
        '</tpl>',
            {
                // XTemplate configuration:
                compiled: true,
                // member functions:
                isitem2: function (name) {
                    return name == 'item2';
                },
            }
);

var targetItem = list.getItemAt(targetIndex);

targetItem.down('.x-list-sortablehandle')