The "Don't wrap long lines" feature doesn't work for me. Regardless of whether that check box is enabled or not, long lines still wrap at the end of the window.
I'm not sure of the technical limitations, as i know this is just a different front-end to the existing console, but i'd imagine it would be possible to change the buffer size when needed. If not, you should remove the option.
On a related note, to stop long lines from being wrapped on the standard Windows console, i have set the buffer width to 1000. This does mean i have an ugly scroll bar down the bottom, but it does the job (well, for lines <=1000 characters anyway). But in Console2, i am unable to set the column size >200. Is there any reason for this?