When you set Lightweight render mode via web.config, the image editor appears broken.
You can use the following setup in web.config as a workaround for the time being. Note that all instances of the RadToolBar will be rendered in Classic mode.
<appSettings>
....
<add key="Telerik.Web.UI.RenderMode" value="Auto" />
<add key="Telerik.Web.UI.ToolBar.RenderMode" value="Classic" />
....
</appSettings>