16:9 makes sense since that is closer aspect ratio to most MODERN televisions and computer screens (and 35MM film) and suprisingly te same as 4X6 prints. What the hades is up with the square format 4:4 and 4:3. Nobody is still using tube televisions and square computers.
16:9 isn't close to 6:4 (ie, 4x6 print). 16:9 would be 7.1111x4
If sensors are cheap, square format becomes interesting. You don't have to turn the
camera to take a vertical. And sensors will get cheaper and cheaper. Now, the down
side of square sensors in dSLRs is a more massive mirror and pentaprism. And the low
end of point and shoot isn't going to want to crop in the computer and doesn't have the
sense to rotate the camera when taking the pictures.
There's a niche market for vertical (portrait) computer montors and a video cards. If you
deal with paper a lot, they are good. BTW, the first digital imaging I dealt with (1973)
was portrait. 100 dpi was typical, 200 dpi if we wanted coffee while it processed,
1 bit per pixel (pixels were black, or white, and we didn't call them pixels, they were PELs).