I'm using Premier CS3 (i have 8.0 too).
Now I'm ripping VHS into premier and using the 4:3 option obviously. Even then, I still get the blasted letterbox around my finished capture. The post-crop option doesn't even cure it. I've been fighting with it for a while now but cant seem to kick it.
Anyone else seen this problem?
Hardware stats (if it matters)
JVS HR-S9600
Canopus ADVC-300