Vlad,
Thanks for posting your findings on the issue.
>As for the Autosize combined with Wordwrap: if WordWrap is .f., than the label adjusts its width. If WordWrap is .t., than the label keeps the width and adjusts its height.
VFP can cause page faults if both WordWrap and AutoSize are set to .t. To me it only makes sense to WordWrap to a fixed width label space.