It has three feet on one side to put it vertical on a desk.
It also have three feet aligned with little rectangular sockets to stack multiple devkits on top of each others. It's definitely designed to be stacked.
Another reason the V cannot be the outlet is because in a stack it would blow hot air towards the unsuspecting developer. Potentially triggering anger issues.
The motherboard is towards the middle, so it's hugging the bottom plastic in the middle of the V.
Here's a few theories for the airflow...
The rounded side vents are angled towards the back at a shallow angle, and the back ones are straight out. The straight back outlets are typical for getting the heat out. The side ones would be for convection of residual heat accumulating in the case, whatever the orientation.
SoC straight in the middle, with heat pipes connecting two heatsinks sections side by side, or a single wide one, Each halves having a fan blowing towards the back, towards the corners and a bit going out the side vents.
The inlet from the V would be ducted to the inlets of the fans, which would be somewhere towards the front of the case on each side. With two blowers, the cavity would be the top part of the case, so the V would be at the right place.
My second theory, however, is that the vents are cosmetic. Yeah. Those who said the ps4 black box was plain, boring, and that the previous playstations were more original... You now have to take full responsibility for it. They "listened"
Seriously I'm hoping for counter-rotating blowers side by side, because a lot of fun stuff happens when combining them together like this. It's twice the cost though, so maybe not a good idea for a console.