As the link still works I have to agree with Mike... in the end the only limits have to be there so the only thing that can be done is instead of just cutting it that ... gets added to the end or the cut a bit out of the middle...
There are much more pressing bugs for the time being... Still though good spot
Ahhh cool so it now wraps... I can see this potentially causing further issues if someone posts a stupidly big URL... but it looks better than just cutting off