The pixel dimension subject can be very confusing. The thing to remember is that video content on analog Betacam tape is 4×3 aspect ratio, or anamorphic (for display on 16×9 screens, but let’s not discuss that can of worms here). In the digital world, 4×3 aspect ratio comes in many flavors. DV (non-square) pixel aspect ratio is 0.9 for a 4×3 image, and 1.2 for a 16×9 image, both 720×480. The difference is the pixel size itself, not the pixel dimensions. Uncompressed 4×3 video has a pixel dimension of 720x 486. If you capture analog Betacam at those pixel dimensions you’ll be OK. 640×480 is a square pixel flavor of 4×3 video, which was the world of the old Media 100 system. One thing to note, if you’re planning on making a DVD from 720×486 digital video you need to crop off 6 horizontal pixels in your compressor BEFORE making the DVD, because DVD pixel dimensions are 720×480 (0.9 or 1.2 pixel aspect, depending on whether the DVD is 4×3 or widescreen 16×9, respectively). Those 6 extra pixels will give you jittery video on the DVD if they’re not cropped off at the compressor. Apple’s Compressor application crops off 4 pixels and 2 pixels top and bottom, automatically, when you bring in 720×486 video. THAT’S VERY IMPORTANT…
Good luck!