Thanks for your reply Gaspershooters. Are you saying the Menu options are bugged? Nothing seems to work...
I managed to fix the low resolution issue. I went to the folder where IP saved my icon package and saw that there was an additional folder named Colored which contained normal resolution copies of all the icons
, so I replaced the default ones with the icons from the Colored folder and now they appear just fine. Weird...
Still, I can't tell you how annoying the menu options are! Right now, under Icons & Cursors the menu list contains Desktop, Start, Folders, Drives, Others and Files (never mind I deselected the options to display Start, Others, and Files). Then as my cursor hovered over the menu bar I noticed a tiny pop-up as if it's highlighting another option. Lo and behold, the Quick Launch Icon menu is somehow hiding underneath the rest of the menu bar, probably followed by the rest of the menu options...
*Facepalm*