For the Q3 release we plan to release a stable version of the control which doesn't have enormous number of features under its belt, but will provide reliable and fluent experience. After we manage to deliver this control we will think of expanding its current functionality. There are many things that can be changed in the layout of the control such as your Wrap mode, and we will definitely work on improving it in future. I will include this request in our Roadmap and will consider it as soon as we reach a reasonable level of quality. The same goes for the Blue effect. Thank you for suggesting these two features, and keep up the good research.
All the best,
the Telerik team