I find the 16:9 aspect ratio, when done correctly, to be a very cinematic and enjoyable experience. However, it bugs me the number of times I have to fiddle with the "picture size" on my Samsung HD set to avoid having my DirecTV signal converted into a squished image or having part of the picture off the frame. And what really bugs me is the number of times there is no solution. There are times when no setting will make the picture look normal, probably because some technician has decided to modify a 4:3 source into 16:9 giving the effect of sitting too close to the screen in a drive in theater, and no way to undo the damage. I don't see why the native aspect ratio can't be part of the signal and give the TV set a way of sorting this out depending on your tastes.
The saving grace is that many, if not most, network programming is in a beautiful, highly detailed 16:9 format. But unfortunately the networks just can't leave that beautiful picture alone. They turn an artistic triumph into an advertising nightmare by inserting commercials into their own content, sometimes constant static reminders to watch another show or even other content. Yes, commercials pay for the free show, but why can't we have a little artistic integrity and keep the commercials separate from the content?