Is wrapping supposed to wrap at the right margin?

Between the messages and the tracker, I'm confused. When I reformat code, and my code style settings are set to "wrap if long" for a particular type of syntax, shouldn't that syntax be wrapped to the right margin, as also specified in code style? If yes, why does it seem like IDEA is willing to overrun the right margin by about 8 characters? (I.e., I set right margin to 72, it never seems to go past 80.) If not... what column will it "wrap" to when "wrap if long" is set?

Example:

(Pretend that's 80 characters long.) This should wrap at 72, where I have the right margin set to, but instead it goes all the way out to 80.

Thanks,
darkness

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