[John Rofrano] “No, there is no way to do this with Vegas Pro. That might make an interesting plug-in. I don’t have any TV’s that do this so I’ve never seen it. All of my HD TV’s have various degrees of cropping and of course just a simple stretch that looks terrible.”
That’s too bad.
The effect is available at least on Panasonic and Pioneer plasmas (the latter no longer made, unfortunately). When done well it provides a way to fill the screen without generating a lot of noiceable distortion in the center portion of the image. I guee the thinking is that most times, what’s in the center 30-40% of the image area is the most important.