RE: New TV
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Your set-up looks great! My biggest problem with widescreen was selecting the correct format e.g. theater 1, 2, 3, or full. When watching the news, it would cut-off the ticker tape on the bottom of the screen. It was like a view trade - width for height, and I had to fuss too much switching screens all the time. I agree though, widescreen is here to stay.
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When I watch SD shows it has black bars on the sides to keep the 4:3 aspect ratio. I have the option of stretching or zooming the image but it never looks right.