Attached is a sample that uses the new formatting events in version 1.6. This version is currently only available as a beta release.
If you do not want to edit the values in the formatted form, you can do handle this task in a PrepareViewStyleInfo event. Below is a snippet that displays inches stored in column 3 as feet in the grid display. But this code will display the values in inches when you start editing the cell. If you want the editing text to be formatted, then ther eis more work to be done.
private void gridDataBoundGrid1_PrepareViewStyleInfo(object sender, GridPrepareViewStyleInfoEventArgs e)
{
if(e.ColIndex == 3 && e.RowIndex > 0)
{
//inches from the stored data to feet in the displayed data
string s = e.Style.Text;
if(s.Length > 0 )
{
double d = double.Parse(s);
d = d / 12d;
e.Style.Text = d.ToString("####.0");
}
}
}