The "wideness" of the levels is entirely defined by the expected scores when opponents play each other. When a 2.95 man faces a 2.55 man, USTA applies an expected match score result in its algorithm, let's say the 2.95 man is expected to win 12-2 in games. When a 2.95 woman faces a 2.55 woman, the same 12-2 score expectation would apply. Therefore, by definition, the wideness of 3.0 men's and 3.0 women's categories are the same.
That does not mean that a 2.95 man is the same skill level as a 2.95 woman. For some reason, there is a substantial shift from one to the other, which seems to be roughly 0.5. I.e., if an established male player started playing in women's leagues, he would jump up to the next level. If the 0.5-shift is accurate, then a high-end 3.0 man would become a high-end 3.5 in women's leagues, so it makes sense that he could be competitive against some (lower-end) 4.0 women, as some have observed.