However, the camera is a bit too high in 16:9 resolutions (1280x720). Is it possible to move it down a bit? I've dug through some INIs, but failed to find anything relating to camera placement.
However, I play at a 16:9 display, and have 1280x720 installed. I have cinemascope enabled, and so far the game only crashes when I die (but then I have to reload anyway, so no biggie) or at the barracks in Okriana. Just save often, and before entering areas where it crashes, exit the game, uncheck "Cinemascope" through the loader, and play a bit in that area with the higher angled camera. When you're done, just exit the game and turn on cinemascope again.
Works perfectly for me anyways :)
NOTE: I have found that the cinemascope value in The Pentium 550+ 64MB .ini file should however be set to false it it's not already; it seems to run a bit more stable then.