Yes, pressing the down arrow'll decrease the angle and get you closer to the ground, but I think the best solution's still to increase the screen resolution, thereby allowing you to "see" farther away.
Mind you, there's still some "monster clipping" and you appear to run to a deserted place before finding out it's inhabited by 3 massive monsters

... that begin to chase you immediately because you've already entered their aggro radius.
This post has been modified on Jun 19 , 2008 03:39:51 AM by Wraith75.

IGN : Arilnor
Class : Azure Knight, hybrid 2h + s/s
Server : Trieste (Kalibus/Blades)
Level : 66
Guild : between two =)