(My original Footage is 720x576 btw), so I save the file, Script it to make it look neat and change the Frame size to 848x480 (widescreen). And then I put it in Vegas to save it again with Borders in 720x480.
So now I have my Properties set on 720x480 and then save the file in 720x480 and it comes out like this:

If I have the properties on 640x480, it comes out like this:

so now..bascially my Question is..Which one of those would be the right one?
And...Another Question would be..Why using 720x480 at all? Actually I'd like to know evertyhing about 720x480..like..is it actually 16:9..or is it 4:3? and is there another or easier Way to Add The Borders?
Please tell me what you know about this.