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and found that color correction and effects are easier because you don't have to worry about coloring the "black bars" of a letterboxed (4:3) image.
From Kino-Eye:
Shooting 4:3 or 16:9 letterboxed within the 4:3 frame assures it plays on every TV, if you choose squeeze, you limit your screening to televisions and projectors capable of 16:9, which is not yet universa
This has been covered on this board quite a few times before. It's not so in most cases. The DVX takes the raw signal and does its processing from that. Any NLE doing the scaling is working from the processed, compressed DV image, which has much less to work with than the pre-DPS signal.also, some experts suggest even if you want squeeze, the scalers you can use in post will do a better job than the scaler built into the camera for creating a squeezed 16:9 version.
I would recommend this fully when debating whether to shoot full-frame 4:3 or letterbox, as are your only options on the original DVX100 (non-A or B). But not between squeeze and letterbox.Shoot 4:3 with vertical detail set to thin and you will get the best up-convert to 16:9 HD or film out possible. And while it’s more work to do the squeeze in post, the creative advantage is you can correct framing slightly up or down in post, so you might even consider shooting 4:3 even if your final destination is a 16:9 video.