I'm confused about why the Vegas project preset for "NTSC DV Widescreen" sets a pixel aspect ratio of 1:1.2121. DV is 720x480 pixels, and the DV widescreen aspect ratio is 16:9. If you do the math, you find that (16/9) / (720/480) = 1.18518...
So where did 1.2121 come from?
As a concrete example, if I convert my 16:9 HDV footage to 720x480 "DV Widescreen" using the Vegas preset of 1.2121 pixel aspect, I get thin black bars at right and left on the image (this is hidden by TV overscan, but is visible on a PC display). But if I manually type in a 1.1852 pixel aspect ratio for my 720x480 project, the resulting image fills the screen perfectly.
So where did 1.2121 come from?
As a concrete example, if I convert my 16:9 HDV footage to 720x480 "DV Widescreen" using the Vegas preset of 1.2121 pixel aspect, I get thin black bars at right and left on the image (this is hidden by TV overscan, but is visible on a PC display). But if I manually type in a 1.1852 pixel aspect ratio for my 720x480 project, the resulting image fills the screen perfectly.