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The 2nd generation iMac was, indeed a very good design. I loved the ability to swivel the screen in whatever direction I needed. However, I still think the current iMac takes the cake. Having the entire computer housed within the display is wonderful. There are some tweaks that need to occur, but it's still simply ingenious.
 
I wouldn't buy it, but not because I hate the old G4 iMac design. Actually, I think that's one of the best ideas Apple ever had and really want to pick one up second hand when I've got a few quid going spare.

Reason for not buying is simple - proportion. The old model had, what, a 15" screen on it? And that matched up perfectly to the base. In order for this design to work with a 24" screen the base would be a LOT bigger and throw the whole thing out of whack. I'd also be really worried about an arm being able to support the weight of a 24" panel properly for the entire lifecycle of the machine and just can't see this being stable. While I keep my electronics out of the way an iMac is going to be 'on display' to a certain extent and I dread to think what would happen with just the smallest of knocks...
 
Yeah lol it is a bit screwed up... It would be better if either the whole thing was white or the whole thing was black:D

I know the one below looks kinda cruddy and the screen is too big, but the colours are better lol =D
 

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The base would need to be silver to match the screen, but HELLZ YEAH I WOULD!!!!

The iMac G4 was a amazingly designed computer, and I'm actually getting a iMac G4 over a eMac mostly because of that design (and the fact you can upgrade it without dying).
 
The base would need to be silver to match the screen, but HELLZ YEAH I WOULD!!!!

The iMac G4 was a amazingly designed computer, and I'm actually getting a iMac G4 over a eMac mostly because of that design (and the fact you can upgrade it without dying).

Yeah the whole machine would either have to be black/silver or all white
 
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