I guess many people use the right margin to avoid very long lines, and so code does not need to be wrapped often, because programmers do it manually (and smarter than any automated algorithm).
At least, I do, because I think it is easier to see function calls with many arguments when they are split on more than one lines with extra tabs.
About that feature, I do not really mind... if you really want to know what users think about that, why not make a poll? Will be easier for you to know user's opinions.