Yes I should think that will be possible
Though as ever, no promises.
If you don't mind getting your hands a little dirty you can actually use (abuse? ) foobars formatting engine to emulate line wrapping - it is not perfect, but it might be "good enough" in the short term.
For example:
$puts(MyText,%album artist%)
$puts(MaxLen,19)
$select(
$add($div($len($get(MyText)),$get(MaxLen)),1),
$get(MyText),
$substr($get(MyText),0,$get(MaxLen))$char(10)
$puts(MyText,$right($get(MyText),$sub($len($get(MyText)),$get(MaxLen))))
$substr($get(MyText),0,$get(MaxLen)),
$substr($get(MyText),0,$get(MaxLen))$char(10)
$puts(MyText,$right($get(MyText),$sub($len($get(MyText)),$get(MaxLen))))
$substr($get(MyText),0,$get(MaxLen))$char(10)
$puts(MyText,$right($get(MyText),$sub($len($get(MyText)),$get(MaxLen))))
$substr($get(MyText),0,$get(MaxLen)),
$substr($get(MyText),0,$get(MaxLen))$char(10)
$puts(MyText,$right($get(MyText),$sub($len($get(MyText)),$get(MaxLen))))
$substr($get(MyText),0,$get(MaxLen))$char(10)
$puts(MyText,$right($get(MyText),$sub($len($get(MyText)),$get(MaxLen))))
$substr($get(MyText),0,$get(MaxLen))$char(10)
$puts(MyText,$right($get(MyText),$sub($len($get(MyText)),$get(MaxLen))))
$substr($get(MyText),0,$get(MaxLen)))
Before:
...And You Will Know Us By The Trail Of Dead
After:
...And You Will Kno
w Us By The Trail O
f Dead
So, yeah, um, close. Kinda.
As you can see it looks pretty horrendous though and while it might be possible to do better it's unlikely to get much nicer.
If you want to try out what I posted, you can simple copy and paste that code into the Track Info dialog box - replace "%album artist%" (on the first line) with the text you want to split if it is too long, replace "19" on the second line with the number of characters you want the line length to be - anything longer than this will be split into multiple lines. The code will wrap anything longer than the number of characters you specify for up to 4 lines - more lines requires more code, but is just the same idea. If you decide to edit/expand what I've written I highly recommend doing editing work in an external text editor - makes life a little easier.
Oh and make sure you have "Expert Mode" enabled in the component before you try this!
Hope that makes sense Feel free to let me know if it doesn't - would be happy to help you get my temporary fix working!
Would be really interested if anyone can improve on my title formatting code (not that I spent all that long working on it).