Same issue. The Text is aligned far to high ( and obviously only happens when Updated horizontal tabs design is disabled ).
Another issues that has just appeared in the latest version is that the tab-close button can cause crashes when having the new tab design disabled.
Please don’t force this new bubble design on people, it’s hideous!
I’ve just made a proposal for the new tab design, that i feel must of us who don’t like the current direction could live with.