After the advice I got here from one of my post I changed my stem for a more stretched out position and after a ride I must say it is better. Thanks for the help.
before and after pics

fast bikes shouldn't look like girraffes(IMHO). I just came back from a shop here and every road bike they had was set up with a stem like your old one. That is now a pretty sexy looking ride.

Well Done....!

I suspect a lot of folks find the 'giraffe' setup confortable due to a lack of flexibility. With the exception of serious/chronic physical issues, I bet a lot of them could handle a greater seat/bar 'drop' if they spent more time stetching - specifically hamstrings. Just a theory, though.

On the same topic, you often hear car-buffs talking about the magic '50-50' weight distribution with regards to handling. It would seem that folks with riser stem setups are effectively throwing more of their weight on the rear wheel. Even if they don't find themselves pulling inadvertant wheelies (e.g., while sprinting, climbing, etc.) I suspect this this setup affects handling and increases wear on the rear tire.

I guess I am just old school. In my mind most of these bikes are racing bikes. If the bike has eyelets on the drop outs, I wouldn't even trip on anything else. Just an opinion and I know, I know everyone has one. :)