I kind of see this as a product without a consumer.
1. If you watch a huge majority of 2.35:1 movie material, why not invest in a decent front projector setup? You could probably get better quality for half the price. If you're that big a cineaste, it seems like you'd be able to dedicate a light-controlled room to it. So I can only see it as being appealing for a big movie buff that lives in a small high rise condo or something.
2. I get the feeling that the average HDTV consumer will just say "why would I want to pay more in order to have black bars on all or 95% of my programming?" It was hard enough to convince Joe Schmoe that 16:9 had benefits (and of course people still stretch their 4:3 programming to fit it...)
These two things don't add up to a very successful product segment.
And beyond that, there are scaling questions. How will a zoomed 16:9 letterboxed image look? Will it have jaggies and banding? I don't expect a new "super anamorphic" standard for Blu-Ray anytime soon...







