Product Version: NetBeans IDE 7.0 (Build 201104080000)
Java: 1.6.0_24; Java HotSpot(TM) Client VM 19.1-b02
System: Windows XP version 5.1 running on x86; Cp1252; en_US (nb)

Editor Formatting options
* Multi-line alignment: Method parameters, annotation arguments,
        binary operators, assignment, parenthesized, method call
        arguments, array initializer, ternary operators & for checked.
* Wrapping
       - Always: For Statement, While Statement, Do ... While Statement,
               Annotations
       - All others set to If Long
       - Wrap After Binary/Ternary Operators both unchecked.


Original line:

        Logger.log("getProfiles - back from getting profiles in " + (System.currentTimeMillis() - t) / 1000 + " seconds");

Typing CR before the String concatenation operator gives:

        Logger.log("getProfiles - back from getting profiles in " 
                + (System.currentTimeMillis() - t) / 1000 + " seconds");

I would expect (and ctrl+alt+f gives):

        Logger.log("getProfiles - back from getting profiles in "
                   + (System.currentTimeMillis() - t) / 1000 + " seconds");