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Width is a trickey issue. There have been numerous discussions around WebmasterWorld about viewing resolution and screen sizes. I figure about 40% of folks out there are using 800x600 and 50% or so are using 1024x800. Then there are the remaining 10% who use various other sizes (myself included).
So when I am designing a page that will fit across all the different resolutions (without auto-stretching) I make it around 770 px wide. This is also the size of the example website you used (Netscape). This particular size takes into account the scroll bars which account for 20 pixels or so.
I also usually center the pages, it just looks a little cleaner..and..er...centered.
Hope that helps..
Chad
I'm not sure about the wisdom of this approach. It doesn't seem to be a horrendously bad solution...