I get the same thing on the La5. You can see the full profile of an la5, but shrunk and placed in a wierd place. It's all mis-mapped or something.
I haven't noticed the hangar display issue, though, but I did notice a bit more stuttering.
I've got an E6420, 2GB DDR2 dual channel, PCIe Ge7600 GTS 256MB, running 1280x1024, 512 texture res, preload textures, preload skins, hardware vertex enabled (I think that's it, I've got the box below "preload" checked), all GV/gun effects enabled, sliders at max.