LDView can do the black stud sides, but requires a custom parts library in order to do that, and to the best of my knowledge, that custom library has never been made public. (Note that it's a whole lot more complicated than simply making the sides of the studs black; there are in fact a whole bunch of other bits that are black.) This is done via an OBI (Old/Original Building Instructions) extension. When using this, you would also change the color that "black" is drawn via ldconfig.ldr, so that the "black" used for parts would be lighter, but the "black" used for the stud sides would be black.
If Joshua Delahunty wants to make his OBI version of the LDraw library public, I'll post instructions on enabling OBI in LDView. However, I don't think he plans to do that. You can find more background on this here.
If Joshua Delahunty wants to make his OBI version of the LDraw library public, I'll post instructions on enabling OBI in LDView. However, I don't think he plans to do that. You can find more background on this here.