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I’m on a Mac using OS 10.5.8 and FCP Studio Pro 6.0.6 (Compressor 3.0.5).
My source codec is (FCP sequence setting) HDV 1080i60 and my destination is h.264 1280 x 720.
Additionally, when I export using the h.264 preset in Compressor, the font lines up perfectly, only it’s squished down to a 4:3 image. If I go into the geometry menu and set my resolution to 1280 x 720 with square pixels the image looks right (16:9) but the font goes screwy.