Is it possible to make word wrap in LayoutControlItem text?

Alex, please take a look at this code snippet

            this.layoutControlItem1.AllowHtmlStringInCaption = true;
            this.layoutControlItem1.AppearanceItemCaption.Options.UseTextOptions = true;
            this.layoutControlItem1.AppearanceItemCaption.TextOptions.WordWrap = DevExpress.Utils.WordWrap.Wrap;
            this.layoutControlItem1.Control = this.buttonEdit1;
            this.layoutControlItem1.ControlAlignment = System.Drawing.ContentAlignment.MiddleCenter;
            this.layoutControlItem1.CustomizationFormText = "one";
            this.layoutControlItem1.FillControlToClientArea = false;
            this.layoutControlItem1.Location = new System.Drawing.Point(0, 0);
            this.layoutControlItem1.MaxSize = new System.Drawing.Size(0, 120);
            this.layoutControlItem1.MinSize = new System.Drawing.Size(166, 120);
            this.layoutControlItem1.Name = "layoutControlItem1";
            this.layoutControlItem1.Size = new System.Drawing.Size(234, 222);
            this.layoutControlItem1.SizeConstraintsType = DevExpress.XtraLayout.SizeConstraintsType.Custom;
            this.layoutControlItem1.Text = "first line second line third line etc";
            this.layoutControlItem1.TextAlignMode = DevExpress.XtraLayout.TextAlignModeItem.CustomSize;
            this.layoutControlItem1.TextLocation = DevExpress.Utils.Locations.Left;
            this.layoutControlItem1.TextSize = new System.Drawing.Size(100, 100);

Is it possible to get multiline with TextAlignMode = UseParentOptions? I don't whant to lose horisontal alligment of other layout control items. Multiline should require only fixed height after all.

At present the automatic text alignment mechanism supports only single line labels.