Simulated 3D can take any 2D video and turn it into 3D. It works on Black & White as well as color. The effect is not as pronounced as split screen 3D but it can be pretty good like with MA3. I don't know how it works either.
My cable company (Brighthouse) has settings (besides those settings on the TV) that you use when you watch one of their 3D programs. See below.
Mike