Nope, not really ;-)
The full width of the image is not the issue but the full height.
With the DVD, VP horizontally squeezes a widescreen image, so that it can be stored in a standard 4:3 aspect ratio DVD image frame - namely anamorphic:
http://en.wikipedia.org/wiki/Anamorphic_widescreen
However, that doesn't work with 'Computer / Data' saving feature, because there the pixels are not made wider, as they are made with anamorphic procedure though.
Another example:
Let's say you have an input footage with 19:9 aspect ratio, whatever resolution - doesn't really matter.
Further assume that the entire image is a completely blue sky, no clouds, just one blue tone over the entire 16:9 image.
So when you create your PAL DVD using the settings described in my previous step 1, the result will be an MPEG2 file (VOB), with anamorphic 720x576 16:9 video frame, means 720x576 equals 100% blue-sky-pixels in the resulting video.
However, when you create your MPEG2 file using the file saving option described in my previous step 2, the result will be an MPEG2 file, with 720x576 but always 4:3 a/r and thus unfortunately non-anamorphic video frame, means 720x576 minus the black-bar-pixels from the top and bottom, resulting from shrinking the 16:9 input footage into the 4:3 frame, which means considerable loss of effective vertical resolution:
http://www.thedigitalbits.com/articles/anamorphic/anamorphic185demo.html
In this respect, also note that, though the 1024 x 576 Widescreen TV setting you proposed is 16:9 a/r, it's important to know that this is not supported for DVD video files, because that resolution is not in the DVD standard and thus DVD players cannot play that resolution (some BluRay players might be able to, maybe).
And so the outcome is that you cannot use VP together with 3rd party DVD menu/layout creation software, like free DVDStyler, to create 16:9 anamorphic HQ DVDs, at least not without the need of re-rendering the previously created MPEG2 files.
To fix that issue in the VP binaries I see the following options:
1) The likely easier one: Provide a third option on 'Save Video - Disc' dialogue, like 'Save as video file'. A choice option between .vob and .mpg format would be the cream on the pie.
2) Provide an additional option on 'Save Video - Computer / Data' dialogue, like 'Save as anamorphic 16:9 video file' or a choice to distinguish between native 4:3 (letterboxed) or 16:9 (anamorphic) output, in the latter case using the same export parameters than on 'Disc'.
...guess now I nailed it :-)
Regards,
Tim