What version of ET are you running? Something is royally screwed up with your ET. For you, the 2D is stretched but the 3D isn't. And look at the compass, the tick marks and letters are a perfect circle but the rest is stretched. I don't have this problem, with mine nothing is stretched.
What kind of video card do you have, and what OS are you using?
P.S. I'll post a screenshot when I go home for lunch.