Formatting Object Initializers with K&R Braces

Can we play get ReSharper to respect formatting options for K&R braces and object initializers?  As it is, ReSharper 6 creates so much indenting that code is unreadable:

 
var viewModel = new ClientGridModel {
                                        GridModel = new GridModel {
                                                                        AjaxDataUrl =
                                                                            this.Url.Action(
                                                                                "ActiveClientsGridModel"),
                                                                        Caption = "Active Clients",
                                                                        ColumnSettings = {
                                                                                            new ColumnSetting {
                                                                                                                    Name = "Code",
                                                                                                                    SortIndex =
                                                                                                                        "Code",
                                                                                                                    Formatter =
                                                                                                                        Formatter
                                                                                                                        .ShowLink,
                                                                                                                    FormatOptions
                                                                                                                        =
                                                                                                                        new FormatOptions {
                                                                                                                                            BaseLinkUrl
                                                                                                                                                =
                                                                                                                                                this
                                                                                                                                                .
                                                                                                                                                Url
                                                                                                                                                .
                                                                                                                                                Action
                                                                                                                                                ("Detail")
                                                                                                                                        }
                                                                                                                },
                                                                                            new ColumnSetting {
                                                                                                                    Name =
                                                                                                                        "FullName",
                                                                                                                    SortIndex =
                                                                                                                        "FullName",
                                                                                                                    Width = 830
                                                                                                                }
                                                                                        },
                                                                        ShowAddButton = false,
                                                                        ShowEditButton = false,
                                                                        ShowDeleteButton = false
                                                                    }
                                    };

It should be formatted like this instead:



var viewModel = new ClientGridModel {
    GridModel = new GridModel {
        AjaxDataUrl = this.Url.Action("ActiveClientsGridModel"),
        Caption = "Active Clients",
        ColumnSettings = {
            new ColumnSetting {
                Name = "Code",
                SortIndex = "Code",
                Formatter = Formatter.ShowLink,
                FormatOptions = new FormatOptions {
                    BaseLinkUrl = this.Url.Action("Detail")
                }
            },
            new ColumnSetting {
                Name = "FullName",
                SortIndex = "FullName",
                Width = 830
            }
        },
        ShowAddButton = false,
        ShowEditButton = false,
        ShowDeleteButton = false
    }
};