it is yes, there's an FOV option in the options screen. try changing it to 90
I've only ever gamed on 4:3 and recently upgraded to 16:9. Tis much better. It beats playing on 16:10 on my 360.
16:9 looks more panoramic than 16:10, so you think you are seeing more, but it's an illusion.
Here is a pic showing two monitors of the exactly the same size, with the two ratios, overlaid on top of each other. A 16:9 monitor is significantly shorter than a 16:10 monitor, but not significantly wider - it only seems that way because of its reduced height.
(click for bigger version)
The 16:9 view shows a tiny bit more at each side, but loses a lot more from the top and bottom. In games, it doesn't matter a great deal, but for everything else you do on your computer, you are much better off with the extra height, especially with the space taken up by horizontal menus and toolbars in programs as well as the windows taskbar. Vertical space is more important. As you can see from the pic above, the actual horizontal width lost by a 16:10 monitor is very little.
Unless manufacturers are lying about the diagonal monitor dimensions, the above diagram is correct. With 2 monitors each of (say) 24" size, with the ratios discussed here, the above is exactly what you get.Lastly, the diagram above is nice and all, but again it doesn't match with monitors actually being produced. All this arguing and ignoring what the panel makers actually want to produce is getting us nowhere.
Dell ips panels look great not sure how they compare to the led back lit monitors now avaliable but a lot better than the older tn panels
I think the panel type makes more difference. I've got a Dell 2209WA with an IPS panel. I couldn't go back to a TN panel, because the colour representation and viewing angles are so poor by comparison.