It would be really nice if ES's login module had a option to display horizontally. Community Builder has had this feature for many years (they also have a compact option which uses less space). While CB's is pretty good, we could raise the bar even higher by maximizing space, making it look nice, and make it convenient for the user. PayPal's is an excellent example of a well designed horizontal login form.
I attached a screen shot showing both the form and a less cluttered way of accessing the "forgot" options.
Using my test site I made sure that a horizontal login form looked quite nice (using CB's login form and made CSS edits with FireBug). Displaying horizontally is very important to me because I want to display the login form in the top header of the site on every page.