The best you can do is view it from exactly top-tow perspective. GE does not have the ability to change the projection on the fly.
I've managed to get to the point where my overlay as well as my placemarks are in the right place. I even bought GM Pro so I can make hi-res prints / images.
now the point is I basically want to print a rectangular form looking like this:
But Google Earth only lets me print the 3D perspecive in a foreshortened way which looks like this:
Is there an easy way to deskew the image back to the original rectangular form of the overlay jpg? Using Photoshop every time is quite an effort...