I know and @nephros knows:
But IMO he met the right decision: No line-breaking, because a mix of two and three line entries would be visually disturbing.
The easy workaround for this is to use landscape orientation!
Then only very few entries are too long, still.
I believe the proper solution is to present the full information for an entry in a separate page, which opens on long-pressing an entry.
P.S.: I captured this as point 6 in my list of suggestions.