Yes, this is a known problem. It obscures the fields underneath if they are too close. The workaround is to add scroll bars to the text fields (even if you don't need them).
Just a comment: I nearly cried when I discovered that this wasn't fixed in FMGo 12. This makes designing for iPhone sized screens truly nightmarish.
ddgold and xandra:
Thank you for your posts.
I have forwarded both of your comments to our Development and Product Management departments. We are definitely aware of this issue.
I would suggest also reading the post at:
... as it provides a similar workaround from "Jade" as well as separate layouts for Pro and Go.