It does look like a massive cost-cutting exercise. That stand and bezel look awful, they might bring out a black-bezel more expensive machine after...
This one will still sell loads though. But yeah, between this and the other recent releases, it's clear Ive has left the building.
New iMac looks bloody hideous with the chin (why the chin still?!), the white screen bezel and stupid curved-corners keyboard. Bring back Jonny Ive!
I hope that this toy version doesn’t end up sharing its design with the inevitable larger-screened ‘Pro’ edition.