Tom,
It is DV anamorphic media.
To see what you meant, I created a new sequence set to 1280 x 720 with the frame rate they asked for (15.94), then imported the EDL into it. Sure enough, it’s messed up – like you said – with black bars on the left and right.
I’m going to try it in Compressor.
iMac 2.8 GHz Intel Core i7, 8 GB
OS 10.6.2
Final Cut Pro 7.0