I don’t know whether a discovery I’ve made has been made by somebody who’s already reported it in a likely forum such as Apple Support Communities, but in what I trust is plain English here it is from my experience:
For a few years in my PowerPC Macintosh G4 with OS 10.5.8 I’ve been using the nifty pre-Intel (and therefore pre-Snow-Leopard) paid version of QuickTime 7 called QuickTime 7 Pro, version 7.7. As well as allowing me to perform several kinds of editing trick and to add many kinds of metadata it has allowed me to correct a video’s aspect ratio by keeping the Shift key pressed while I use the mouse’s left button and the mouse’s single-headed pointer to drag the video’s bottom right-hand corner to the place that seems to my eyes to create the correct aspect ratio.
The other day when I acquired an Intel Mac running OS 10.8.3 and invoked my old QT Pro registration key to unlock QT Pro 7’s Snow Leopard version (ie version 7.7.1, still apparently unchanged since Snow Leopard) I was annoyed to find that I could no longer use precisely my old Shift + drag-corner trick to adjust a video’s aspect ratio, and even those videos whose aspect ratios I adjusted and saved in my PowerPC would open with the old incorrect aspect ratio in my Intel Mac.
I’m now pleased to report that I’ve discovered how to do it on my Intel Mac, and compared with my PowerPC’s way it’s only a tiny bit trickier:
Without yet pressing Shift, I put the mouse-pointer on the video’s bottom right-hand corner and drag what has now become a diagonally oriented double-headed sizing-arrow to a place that my eyes judge will create the correct aspect ratio. Then, while keeping my finger on the mouse’s left button, I press the Shift key. The video’s bottom right-hand corner will magically jump to the place where the sizing-arrow is. Then I release the mouse’s left button, and after that I release the Shift key. Then I press Command-S to save my precious aspect-ratio adjustment.
Beware: As with QT Pro 7.7’s method, QT Pro 7.7.1’s method is not at the most fundamental level. For instance if I press Command-3 (or go to QT’s “View” menu and choose “Fit to Screen”) my adjusted video will dart back to its original incorrect aspect ratio instead of remembering and honoring the aspect ratio that I chose. But I’m thankful that if I close the adjusted and saved video and then reopen it it’ll still show my chosen aspect ratio.
The main thing that beats me in this saga is why the elves in Cupertino bothered to meddle with QT 7.7 Pro’s slightly easier aspect-ratio trick and then apparently (?) to keep quiet about their meddling while expecting the customers to rely on trial and error to discover the new and unimproved trick.
Another thing that beats me is the justification the said elves had for creating the Mickey Mouse thing called QuickTime X instead of simply improving QuickTime 7 and its paid Pro version.