For the time being the following CSS workaround can be used:

CSS:

        <style>
            .RadButton.RadButton_Glow.rbSkinnedButton {
                vertical-align: top;
            }
        </style>
Where Glow is the name of the skin that has larger dimensions (e.g., Silk, Glow, etc).
ASPX:

       <telerik:RadSkinManager ID="RadSkinManager1" runat="server" ShowChooser="true" Skin="Glow"></telerik:RadSkinManager>
        <telerik:RadTextBox runat="server" ID="txtAdminUser" />
        <telerik:RadButton runat="server" ID="btn1" Text="Add" ButtonType="StandardButton" />