Formatting

[Python523]

What do you people see as the correct way to format a script?
I personally see it this way:

1 line:
if(playerenters) setcharprop #c,hi;

>1 lines:

NPC Code:

---

if(created||timeout){

  i++;

  setcharprop #c,#v(i);

  timeout = .05;

}

---

What about you people? Maybe using correct formatting shouldn't be a rule but maybe encouraged to be used more often? I personally find it annoying to see scripts that aren't formatted that way =/