Mvc3 razor editortemplate with abstract classes

You can use a custom binder. Take an example.

Model:

public class MyViewModel
{
    public IList<BaseClass> Children { get; set; }
}

public abstract class BaseClass
{
    public int Id { get; set; }

    [HiddenInput(DisplayValue = false)]
    public string ModelType
    {
        get { return GetType().FullName; }
    }
}

public class Derived1 : BaseClass
{
    public string Derived1Property { get; set; }
}

public class Derived2 : BaseClass
{
    public string Derived2Property { get; set; }
}

Controller:

public class HomeController : Controller
{
    public ActionResult Index()
    {
        var model = new MyViewModel
        {
            Children = new BaseClass[]
            {
                new Derived1 { Id = 1, Derived1Property = "prop1" },
                new Derived2 { Id = 2, Derived2Property = "prop2" },
            }
        };
        return View(model);
    }

    [HttpPost]
    public ActionResult Index(MyViewModel model)
    {
        // everything will be fine and dandy here
        ...
    }
}

View ( ~/Views/Home/Index.cshtml):

@model MyViewModel

@using (Html.BeginForm())
{
    for (int i = 0; i < Model.Children.Count; i++)
    {
        @Html.EditorFor(x => x.Children[i].ModelType)
        <div>
            @Html.EditorFor(x => x.Children[i].Id)
            @Html.EditorFor(x => x.Children[i])    
        </div>
    }

    <button type="submit">OK</button>
}

Editor template for type Dervied1( ~/Views/Home/EditorTemplates/Derived1.cshtml):

@model Derived1
@Html.EditorFor(x => x.Derived1Property)

and an editor template for type Dervied2( ~/Views/Home/EditorTemplates/Derived2.cshtml):

@model Derived2
@Html.EditorFor(x => x.Derived2Property)

Now all that remains is a custom mediator that will use the value of the hidden field to create the correct type in the collection:

public class BaseClassModelBinder : DefaultModelBinder
{
    protected override object CreateModel(ControllerContext controllerContext, ModelBindingContext bindingContext, Type modelType)
    {
        var typeValue = bindingContext.ValueProvider.GetValue(bindingContext.ModelName + ".ModelType");
        var type = Type.GetType(
            (string)typeValue.ConvertTo(typeof(string)),
            true
        );
        var model = Activator.CreateInstance(type);
        bindingContext.ModelMetadata = ModelMetadataProviders.Current.GetMetadataForType(() => model, type);
        return model;
    }
}

which will be registered in Application_Start:

ModelBinders.Binders.Add(typeof(BaseClass), new BaseClassModelBinder());