A ground-up, 16:9, full HDTV presentation of TNG could make CBS some serious money.
Forgot to catch that point before. The show was still shot on 4x3 film. To go 16x9 you would have to crop the top and bottom of every shot. It could be done but you would be losing material originally intended to be shown, as opposed to movies where going widescreen returns material originally intended to be shown. I believe the plans for TOS-R are to keep the original aspect ratio and just have black bars on the side of a 16x9 monitor.