Product Version = NetBeans IDE 7.1 (Build 201112051121)
Operating System = Linux version 3.0.0-14-generic-pae running on i386
Java; VM; Vendor = 1.7.0_147-icedtea
Runtime = OpenJDK Client VM 21.0-b17

Doing a php sanity test I created a php file with some hierarchical code, collapsed all, moved cursor onto {...} folding symbols and saw a full content of folded code.

Then in a Tools -> Options -> Editor -> Formatting set a Line wrap to "After words" and got a messed folding tooltip (look at the attached screenshots).

Then I set Line wrap to "Anywhere" ang got another messed tooltip, but in some other way (third screenshot).

Just for example a test file content was:

<?php

class IndexController extends Zend_Controller_Action
{

    public function init()
    {
        /* Initialize action controller here */
    }

    public function indexAction()
    {
        // action body
    }


}
class Foo {
  /**
   * @param string $s
   * @param int $i
   * @param float $f
   *
   */
  function bar($s, $i, $f){}

  function foobar(){
    $string = "";
    $int = 42;
    $float = 3.1456;
    $this;
  }

}
/** class MyClass extends F @ */