When i playback old Widescreen DV tape (no HDV) on my HV40, seems like picture is in fact displayed as 4:3 with letterbox (widescreen viewer lcd screen of cam is not properly filled).
And when i import this video (iMovie06) as Widescreen DV, i get widescreen picture, but still with letterbox!! I expected regular widescreen picture without letterbox bars.
Workaround: import the video as 4:3 DV and export afterwords to 16:9 format to get rid of the letterbox bars.
Is this the correct workflow?