Mitch's example of ST:TNG is interesting stuff and it brought me back to the early aughts where the rumblings of 16:9 television and HD broadcast were being felt in the industry. Our groundglasses with the 4:3 "pumpkin" were replaced with ones that overlayed a 16:9 aspect ratio on top of said pumpkin and every show had a different mandate about protecting the extra room on the sides. If you were a dayplaying operator as I was for much of that era, one of the first questions you asked when walking on a set was "how are you guys dealing with 16:9"? I remember the showrunner of Scrubs telling us not to worry about it as it would "never happen in my lifetime" (he was mostly being facetious...or was he?). Most of the time we would be told to protect the sides as long as it didn't slow us down too much, which meant that we'd allow the odd stand leg or edge of set to creep in there from time to time. We were told that when and if the time came, everything would be cleaned up digitally. I recently saw a remastered 16:9 clip of "West Wing" where you could clearly see the edge of a 12x bounce and stands outside the window of the Oval Office. Oh well.
With that all in mind, Netflix's adherence to their camera standards does seem extra rigid when it comes to denying the Alexa based on the spec of its sensor, but I think overall they have the right idea. Early last year I decided it was time for me to figure out what my Netflix-approved camera of choice would be when the call came (and it did indeed come, last summer) so after looking through the possibiities I decided to give the Varicam a try. I'm shooting my third series on Varicam now and there's a good chance that I wouldn't have gotten around to trying it after so many years with the Alexa, so I think of all of this as a good thing.
Your last paragraph is very interesting. I think it's a victory for Arri that they have to be artificially locked out for people to even consider other cameras. Otherwise most of Netflix would be shot on the Alexa as is the case with Hollywood movies. I mean, Sony tries and forces their cameras into DPs if the film is being made by Sony pictures or Sony television. I have seen DPs saying as much on American Cinematographer articles.