Yes, I see what you mean, it does look a bit cluttered. However, I do like the idea of a central 'look' button, and the position of the compass - top right, so that it doesn't move, as apposed to halfway down when it keeps moving whenever something changes in the 'Inventory' or 'Places and Objects' panels.
Could the compass / inventory panel be selectable like the room description info?
IE: The user selects what panels to display and in what order?
Perhaps even a user panel so that the user can select how/what they want to show?
Like: I want the panel order to be:
camp inventory (user designed)
But "Joe" just wants the compass and nothing else
And "Sam" wants:
player.HP (as a bar) green from 100% to 50%, yellow from 49% to 20% and red >19% ( could be a multiple colored bar, or a solid colored bar that changes colors depending on player settings...) and overlaid current.HP/max.HP
player.MP (as a bar) solid blue with text overlay current.MP/max.MP
compass (N,E,S,W only)