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[2004041203, 1.4.2_06-b03] OW doesn't underline links in "Wrap text" mode. See following screenshot.
Created attachment 19128 [details] ow with non-underline links
I've just noted that this began to work correctly in recent builds. You fixed it somehow :)
This issue was solved long time ago. Because nobody has reopened it neither added comments, we are verifying/closing it now. If you are still able to reproduce the problem, please reopen. Thanks in advance.