You're looking too hard into it, there's nothing wrong with the nipples, they are just inside the rim, aero and all that.. And the veloflex logo probably got displaced when the tub was glued..
Hehe, yeah you're right. If it was Photoshopped they did a pretty good job; there is a reflection of the chainstay on the rear rim!
So are the rims kinda like these Mavic Cosmics?
Where the rim is more like a cover than the actual structure to which the spokes are assembled?
@Tijs started
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You're looking too hard into it, there's nothing wrong with the nipples, they are just inside the rim, aero and all that..
And the veloflex logo probably got displaced when the tub was glued..