Chanky and maybe B-roni:
On the Olevia there's an "aspect" button on the remote. When playing the 360, set it to "1:1". Instead of stretching the image to fill all corners, the screen will display a natural output resolution.
By doing so, the image shrinks down about 1.5 inches in each corner. It brings down the size of the screen and creates a black border. For some reason, it's much easier on the eyes. (I typically play from 5 to 6 feet away.)