Not all pixels are created equal! 4:3 refers to the viewed screen size, not necessarily the pixel ratio.
Video captured via firewire from a camcorder comes into your computer as 720x480 pixel images. It doesn't make a difference if you shot the footage at the standard 4:3 aspect ratio or widescreen 16:9... it's all 720x480.
For a detailed, yet simplified explanation, check out this link:
http://www.windowsmoviemakers.net/PapaJohn/40/Pixels.aspx
You especially find what you're looking for near the middle (vertically) of that page.