"I see what's going on. No need to flip out."
I like to flip out.
"If TP is supposed to display at "true widescreen," then Link's hearts and on-screen indicators would be VERY close to the side edges of the TV screen -- but I don't think that's the case, and I believe Caliban actually sees a noticeable amount of unused game space between the indicators and edges."
True.
"More importantly, I noticed Caliban's TV ISN'T BLACK, more like a silver or grey or maybe white, so NO WONDER the black bars are painfully noticeable."
It is Silver. The black bars aren't that annoying to me (I watch plenty of 4:3 anime dvds), what's annoying is that Capcom could have amplified the rendering view so that it didn't feel so constricted as it seems to me, I get the sensation that I'm playing with a stretched 4:3 view instead of an increased camera view, I don't know if I'm making myself clear enough but whatever I've got the game now so no more "bitching" from me.