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I'm pretty sure this actually does NOT have "wide effects/impact" - it seems like any effects will be pretty narrow, and that there are contingency plans in place.
It will be pretty annoying to see the litany of commercials telling people to get a converter oh, about December of 2008, but that's neither here nor there - this really is just a controversy to cause a controversy. It's not fleecing anyone or lining any pockets, most people prefer the 16:9 ratio anyway, and in the end this benefits the consumer quite a bit. I don't get the uproar.
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