Ok, I see what you mean. I just always assumed that happened because as far as I know the interface is being ported from a phone with a higher resolution and some cuts had to be made. Since it only cuts a little bit of the word at top and no functionality is lost it didn't really bothered me. But seeing the screenshots on the OP does make me wonder if it is supposed to show the whole word without the little cuts.
At any rate it is the same way in my phone so you know you are not alone, hehe.
