I'm seeing Youtube footage and screenshot where the pip boy isn't quite as zoomed in as it in my case. Here's what it looks like for me:

http://i.imgur.com/vJAYBMD.jpg

It looks much more zoomed out with other people. What is going on here? POV issue?

Came across the solution in another thread. Apparently you have to rightclick anywhere on the screen. Bit obscure, but whatever.