perltidy would do it more like this (I have -i=2):

if ( some_horribly_long_thing()
  && some_horribly_long_thing()
  && some_horribly_long_thing()
  && some_horribly_long_thing()
  && some_horribly_long_thing() )
{
  do_something();
}
[download]

I could live with that, though I think I might prefer:

#!/usr/bin/perl

if (
  some_horribly_long_thing() &&
  some_horribly_long_thing() &&
  some_horribly_long_thing() &&
  some_horribly_long_thing() &&
  some_horribly_long_thing()
) {
  do_something();
}
[download]