The Wrapping / Alignment options page specifies wrapping and alignment rules for the Code Formatting tool.
The options page is language-dependent. It means that the options set depends on the currently selected language.
To clearly see how the current option affects your code, look at the code example at the bottom of the options page.
Note that if the Keep existing line breaks option on the General options page is on, CodeRush Classic leaves line breaks in existing code regardless of wrapping options. In any case, wrapping rules affect newly generated code anyway.