They cropped it! I'm really disappointed to say that they trimmed the top and bottom of the picture to fit the widescreen format. I own the slightly older Walt Disney Animation Collection: Classic Short Films DVD with this same movie on it, and I like that one much better because it is still 4:3. I think the restoration job looks pretty good on a big TV, but I know that some of the older, hard-core collectors may say otherwise. I'd say don't get rid of your old DVD/VHS copies of you still plan to upgrade to the Blu-Ray. Watch them side by side and you'll see how much they cropped it. I don't understand why they couldn't have kept it in 4:3! Otherwise, I'd still recommend getting it because the additional shorts are different from the older DVDs...It's kinda nice to have those. The Blu-Ray includes: Yodelburg, The Hockey Champ, Pluto's Christmas Tree, The Art of Skiing, and Corn Chips. For reference, my older DVD copy includes Pluto's Christmas Tree, The Small One, and Santa's Workshop. So yeah, if you have your old DVD, just keep it. If you want the Blu-Ray for the different shorts, go for it. But it's not worth it to buy if you're looking for an upgrade of Mickey's Christmas Carol, because they cropped the thing, and that's just lame!