frame guide in viewfinder/LCD

Is the frame in the LCD 100% accurate, because I seem to get a bit more space around the edges in the movie than I can see in the LCD.
 
No... none of the lower end and few of the higher end cameras have finders that display the actual recorded image...

I have often wondered why this continues to be the case - 20 years ago, when everyone was watching broadcast TV on a Gold Star color television, slop area was cut out of the finder because it would never show up on broadcast... However, now, when a majority of what's produced is seen on DVD on HD screens, that philosophy makes no sense...

It's akin to the conservative NTSC broadcast standards (adopted in the 50's) adhered to by broadcasters like PBS - lowest common denominator, and we have to allow for it...
 
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