My son made a video on the old Windows 7 Muvie Maker (which renders only into WMV), and my latest edition of Vegas doesn't faithfully re-render it. The original is 1440x1080 and my Vegas renders it as stretched into what looks like 16:9 within the 1440x1080 that I required it to produce. Weird, huh?
My old Vegas 11 copy that is on his same computer didn't have this problem, but I'm paying for the latest Vegas, not wanting to go back to the old one installed on an old computer. I expect that a solution to this will pay off in understanding Vegas better, anyway -- it just doesn't make sense that new Vegas would squish the video like that.