Macrumors posted this YouTube link for their review of the M1 iMac just released.
Yes, the computer is facing away. It is backwards. It was explained by noting that the orange on the back of the iMac is much more saturated and vivid than the pastel orange found on the front-facing chin, so they wanted to show that.
I’d like to think no one would ever actually set up their iMac this way but…you just never know.