Okay, let me be absolutely clear and reiterate two things.
1. Not all SDTVs have the same TV-safe region. If y'all had ever worked on materials for TV broadcast, you'd know that. This means Skyrim is fully playable on some SDTVs, mostly playable on others, and unplayable on others. It depends on which particular SDTV you own. Just because it works on your particular SDTV doesn't mean it works on others.
2. The aspect ratio label on the back of the box was not a sufficient warning. It is an optimization suggestion, one printed on almost every modern game. This particular problem with the HUD cropping and no resize feature is pretty much without precedent. That is, people spent their money on this game with no reasonable way of knowing it wouldn't work for them.
So fine, fine, fine, I get it. I'm in the stone age, I'm broke, I'm on welfare, I should have a richer family and make them buy me new technology, whereas you are brilliant with finances and super tech savvy. You've all made your point. And I don't care. Bethesda sold people a product when those people had no reasonable way of knowing it would fail to work on their hardware. Bethesda is responsible for that problem. I'm complaining about that tech issue because this is a subforum for tech issues. Your theories about my finances have no place on this subforum. For the love of God, take it elsewhere, you're wasting everyone's time.
I'm in the same boat with you buddy, some real spoiled cats in these forums.
I agree, Skyrim shouldn't FORce you to buy a new tv just to play properly. I have had the exact same issue as you so here are some things I have done to alleviate. Turn your HUD opacity all the way up so the HUD is as BOLD as possible, you still wont be able to read the text But you will be able to see all the little icons on the compass way better.
2nd- I went ahead and bought a VGA cable for 360 off of amazon for $4 w free prime shipping it got here in two days and now I am playing in full HD ( there is nothing like going " OHH thats what that says")of of my PC screen with my turtle beaches running through my old tv, and now i can watch conan the barbarian on AMC while I sharpen my skyforge steel.. (kind of distracting really)
so I hope this helps you bro