As a customer, when setting bounds wrapping and text alignment for a text annotation, I would like for the bounding rect to respect those parameters as well as the text.
1) setting a rectangle says: write the inside this rectangle
2) setting an alignment says: write the text in a manner, that the text near (or around) the given point
3) settings boundswrap says: change the rectangle to meet the space used by the text
4) settings aligment AND boundswrap: you have to combine 2) and 3): changing the rectangle and place it to the given point, so that the text I written near the given point.