In it's simplest form, masking places a jet black bar across the screen, both top and bottom, right at the picture edge no matter what aspect ratio you are using. Framing the picture changes the dynamics considerably.
There have been several projects outlined on this forum where people have successfully built movable masks.
I have built one for my theater that is not only remote control, but has 8 randomly accessable pre-programmed aspect ratios. It is awewome to use.
Now the bad news. It is based on the DrapeBoss motor drives which are no longer avialable. I have created a web site with all of the construction details and a layout drawing. A clever person could probably figure out a way to build a similiar unit that was manual.
http://www.kathiejohnson.com/HomeTheater.html
Work you way through to the masking section.
You can probably find other ideas by doing a search under this section and perhaps the Theatre Construction section. Several people have embarked on projects to do this. The result is worthwhile.
Deane
Edit: I guess I didn't answer one of your main questions. Yes, when you watch in 16:9, you'll have the black bars above and below. And for 2.35:1, they will be even bigger. Actually, they will likely be gray, not black. The masking provides a solid black bar. Unlike a TV or RPTV, if your screen is on the wall you can put the same material all around like I have so that you see nothing but solid black around your screen. It's far more powerful.
[This message has been edited by Deane Johnson (edited 08-30-2001).]
[This message has been edited by Deane Johnson (edited 08-30-2001).]