You should just do it for the sake of everyone who doesn't have a 22 inch widescreen monitor. Personally, I work on a 17 inch 4:3 monitor, and I find that more than sufficiently wide. However, I also have 3 of those monitors, so I still have lots of usable screen space.
Not only that, but the human eye actually has problems reading text if the lines are too long. It's too easy to get lost in which line you are on. Newspapers are 17 inches across (or somethign like that), but you don't see them writing all the way across the page, same goes for magazines and other printed items. It's actually easier to read if you keep the columns narrow.