There is a less known possibility in the SQL Management studio to format XML datatype. The format is fine for reading and you don’t need to format the XML anywhere else.
The whole trick is to use cast to tell SMSS to format the column in the nice form.
This is working with any valid XML, I have tested with varchar(max) and ntext column types.
Just use command similar to this:
SELECT cast(Settings as xml), * FROM [BlogEngine].[martinkunccom].[be_DataStoreSettings]