When I set my Wii to 16:9 it doesn't appear wide at all. It looked exactly the same and the menu looks like it is in 4:3. Maybe it looked a little zoomed out but the sides were not wide.
Pressing 'info' on my TV said the signal was 480i and "SD" (standard definition). Going into other Wii options I see 480p is not available. I don't know what happens if my TV gets a 480p signal but iIdo know it supports 1080p.
What's with this widescreen business and 480p thing?