Guys, RTFA. You probably don't even have to scroll to read it on the Macrumors summary...it's on the 3rd paragraph.
"Griffin notes that the stand is compatible with all versions of the Apple Watch and provides an "easy viewing angle" when charging. The pedestal will also accommodate both a vertical and horizontal orientation"
Also confirmed on the Griffin Press release...
"WatchStand securely displays and charges Apple Watch vertically or horizontally for the perfect view."
Point taken. It's still a terrible design though.