As I understand it the current proposal is:

* Wrap each paragraph separately
* Don't wrap any lines indented by at least one additional space

This sounds like a useful formatter. I would probably call it "PargraphWrappingFormatter" or something like that which is more descriptive than FlexiFormatter.

Sadly, it can't be the default, since that would break backwards compatibility, but I'd certainly agree to an obvious note somewhere in the docs recommending the use of this formatter instead of the current default.