The game does not support widescreen, but with some serious modification I did manage to get the renderer to render at 1680x1050 however the GUI is not relational so it appeared out of place and completly mis-sized. Additionally only the exterior renderer will render widescreen, the bridge view will not.
So basically if someone was willing to put in the work it is possible to modify the game to dramatically improve the look of the game on widescreen monitors, however it is alot of work, and im not sure its attainable through the restraints of foundation.