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As compared to what? You can't show 4:3 footage on a 16:9 TV, and you can't show 16:9 footage on a 4:3 TV, so -- how would you compare if there was a loss or not?
With that said, the DVX uses the central 360 lines and stretches them to 16:9 full-frame. As long as you're shooting progressive 24p (or 30p) using THIN line detail, it looks pretty good. It won't look as good as a full-frame 16:9 camcorder though.
Don't shoot 16:9 with a 4:3 native SD cam. The resulting video would suck.