no, it's not, it's somewhat a misunderstanding statement "find word at cursor" is the "direct search" you can perform selecting a word and pressing ctrl+shift+up/down, it's called "next/previous occurrence of current word" in the search menu
that option affects only at that functionality -- <http://forum.pspad.com/read.php?4,38254,38261> PSPad freeware editor http://www.pspad.com
