I hear exactly what you're saying. I am having this issue right now. I want to see an "overlay" in 2.40 when I watch the dailies/do a rough edit. Making a matte or and overlay in photoshop and then rendering a timeline is not a reasonable solution. Maybe in the next rev of Red Rushes? Hey, you can burn in time code, it should be a cinch to make "aspect ratio overlays". I see this thread hasn't been updated since April. Any new news out there on this?