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When the word wrap is switched on (View/Word Wrap), the lines split at the end of the screen although they should split at a fixed column (Tools/Options/Editor/Split paragraph at column) -- the registry entry FixedColumnWrap
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Nope, that is all correct. The options dialog clearly says that this is about the manual hard wrap that you find in the edit menu.
I mean, yes, it would be lovely to be able to soft wrap at a given line. We do not have this at the moment, but it is on the todo list.
This was a feature in TeXnicCenter 1.0, though. Why is it on the to-do list? Doesn't that mean it was removed in the first place?