The make clickable function has been altered so that, in the handling of extensive urls, the domain bit is included in the shortened version, rather than arbitrarily lopped off.
This is for those who can't be bothered to set a proper link in their posts, prefering instead to slop the url into their posts in it's most gruesome raw form.
The previous mod just inserted the word 'link' into the post. It was an economical workaround but not very descriptive. Of course, the most descriptive is a properly formed link.
In any event, here are a couple of examples where urls exceed a set length:
http://www.eschatonblog.com/ ... 5533905329
http://www.truthout.org/ ... trust-fund