I am not sure what you are talking about. There is no Java option in the preferences of the SNAP Text Editor. Looks like you are confusing this with the MyEclipse Java Editor. I thought the SNAP editor is your product and has nothing to do with Eclipse. So in that case you should fix it and release the bug fix soon. Let me know if my thinking is incorrect. Here is what the about tab says:
MyEclipse Text Editor
Version: 6.0.0 GA
Build id: 6.0.0-GA-200708
(c) Copyright Genuitec, LLC and others 2000, 2007. All rights reserved.
Im sorry I misunderstood the question. I though you were referring to the MyEclipse Java Editor. We dont have the line/word wrap feature in the SNAP text editor at the moment. But i’ll note this down as a feature request.